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DIC Asset earns significantly more – DIC Asset share climbs

The commercial real estate specialist DIC Asset earned more in the first nine months thanks to higher rental income.

The operating profit, measured in terms of funds from operations (FFO), which is established in the real estate industry, rose by around 9.5 percent to 79.6 million euros in the reporting period compared to the previous year, as the company announced in Frankfurt on Thursday. In the current year, DIC Asset continues to expect an operating profit of 106 to 110 million euros – that would be an increase of up to 14 percent compared to the previous year, which was characterized by corona.

The bottom line grew in the first nine months, mainly thanks to property sales, by a third to 51.2 million euros. Income from property sales from January to the end of September amounted to 111.9 million euros after 9.5 million euros a year earlier. Net rental income rose by around six percent to 65.3 million euros, while income from property management grew by almost a quarter to 74.6 million euros.

DIC asset shares rose in price in XETRA trading at times by 0.50 percent to 15.93 euros.

/ mne / jha /

FRANKFURT (dpa-AFX)

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Reference-www.finanzen.at

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