FCR Immobilien AG: Solid Q1 figures for 2025 and outlook for growth!

FCR Immobilien AG: Solid Q1 figures for 2025 and outlook for growth!

FCR Immobilien AG is starting the 2025 financial year with solid results. The current figures from the first quarter show earnings before taxes (EBT) of 2.1 million euros, compared to 3.6 million euros in the same period last year. Funds from operations (FFO) were also at 1.8 million euros, which corresponds to a decrease from 2.0 million euros in the previous year. Despite these declines, the company was able to reduce its material costs from 1.8 million euros to 1.6 million euros thanks to advancing digitalization.

Another positive aspect is the reduction in financial expenses, which fell from 3.7 million euros in the same quarter of the previous year to 3.0 million euros. At the end of the quarter, FCR Immobilien also recorded an occupancy rate of 94.1%. The average remaining term of the rental agreements (WAULT) is 5.7 years. FCR Immobilien AG plans to build on the successful development of recent years and further consolidate its market position Bond guide reports that the company is taking strategic steps towards growth.

Earnings growth in fiscal year 2024

Compared to the first quarterly figures from 2024, FCR Immobilien AG closed the 2024 financial year with significant profit growth. According to information from Investor plus Earnings before taxes rose to 23.1 million euros, whereas in the previous year it was only 10.1 million euros. The funds from operations in 2024 were 7.0 million euros, in contrast to 8.2 million euros in the previous year. Despite the decline, sales revenue from property sales increased to 20.8 million euros, with total sales amounting to 54.1 million euros.

Rental income in 2024 was 33.3 million euros, which represents a decrease compared to 38.3 million euros in the previous year. Nevertheless, the occupancy rate was improved to 94.1%. The average remaining term of the rental agreements increased to 5.7 years, which is also positive.

Financial health and dividends

FCR Immobilien AG also shows progress in material costs, which fell to 7.3 million euros compared to 7.9 million euros in the previous year. Personnel expenses also fell to 4.0 million euros. However, financial expenses rose to 16.1 million euros, which is an increase compared to 15.0 million euros in the previous year.

The proposed dividend amount of 0.45 euros per share is good news for shareholders, as it is significantly higher compared to the previous year (0.25 euros). The general meeting to vote on the dividend will take place on May 20, 2025. FCR Immobilien AG, which specializes in shopping and retail parks in Germany, manages a portfolio of over 80 properties with an annualized actual net rent of over 31 million euros. The well-known tenants include big names such as EDEKA, Netto, ROSSMANN, REWE and NORMA, which underlines the company's stable market position.