CA Immo reports high profitability and a record net profit in 2021

The recurring earnings (FFO I) of CA Immo in 2021 totaled €128.3 million and were thus 4 percent below the previous year's value (€133.8 million). FFO I per share amounted to €1.31 as of the reporting date (31.12.2020: €1.44 per share). The annual target of >€128 million was thus achieved. FFO II, including the sales, result, and after-tax an indicator of the Group's overall profitability, totaled €143.1 million compared to €141.1 million in 2020 (+1.4 percent on the previous year's figure). FFO II per share stood at €1.46 per share (31.12.2020: €1.52 per share).

"Our high-quality inner-city office portfolio and the high profitability of the development business generated good earnings and further value enhancement for our shareholders in the 2021 business year. Through targeted portfolio management, we increased the quality, sustainability, and value of our property assets and generated a total return on equity of 14.9%. The year 2022 will also be characterized by a focus on Class A office buildings, environmental and climate protection, and intensive tenant retention. Against the backdrop of the current changes in working life, we want to support our tenants with the best product and the best service in shaping their working environments," Silvia Schmitten-Walgenbach, CEO of CA Immo, said.

(WBJ)