Company Name: S Immo AG ISIN: AT0000652250   Reason for the research: Update Recommendation: Sell from: 29.11.2024 Target price: EUR 22.05 Last rating change: Analyst: Philipp Sennewald Operations on track but delisting ahead Yesterday, S IMMO released its Q3 results, showing continued strong operations on the back of recent por [ … ]

Squeeze-out process initiated / Change to HOLD On Friday, the supervisory board of IMMOFINANZ AG approved the commencement of preparations for a squeeze-out of S IMMO, where all shares held by minority shareholders are going to be transferred to IMMOFINANZ against appropriate cash compensation. Together with its parent company CPI and includi [ … ]

FY ’23 showing strong rental growth - Strategy update // chg. S IMMO released FY ’23 figures, showing strong operational results as well as a lower-than-expected devaluation of the real estate portfolio. FY rental income came in at € 203m (eNuW: € 193m; eCons: € 191m), up 30% yoy thanks to acquisitions to the tune o [ … ]

Delisting indications getting stronger; chg. PT On Friday, S IMMO announced that the company will part ways with board member Herwig Teufelsdorfer with immediate effect. At the same time the supervisory board decided to appoint Tomáš Salajka to the board, who is also member of the Board of Directors of CPI Property Group (CPI), S  [ … ]

Appealing risk/reward profile makes S IMMO a clear BUY It seems like management shares this view, as the company announced yet another share buy-back program after having already bought back shares worth € 2.4m in Q4. In detail: Last week, the management of S IMMO resolved another repurchase program of up to 365,340 shares (c. 0.5% of sh [ … ]

Strong Q3 and another acquisition; chg. Yesterday, S IMMO released a strong set of Q3 results, showing continued top-line growth as well as significantly improved operating profitability. Moreover, the company announced the acquisition of another portfolio in the CEE region. Q3 total revenues increased 24% yoy to € 81.1m (eNuW: € 79 [ … ]

Sound Q3 ahead as positive news prevail; chg. S IMMO is seen to release a sound set of Q3 results on 29 November, as revenues are seen to increase 22% yoy to € 79.8m. Rental income looks set to grow 20% yoy to € 47.5m, which should be mainly driven by 2022 acquisitions and only a minor visible effect from the most recent acquisition o [ … ]