POLIS Immobilien AG successfully closes financial year 2022 and creates stable basis for future growth
POLIS Immobilien AG defies the still challenging market environment and announces very good corporate figures for the financial year 2022. Compared to the previous year POLIS achieved a lower result before taxes of EUR 17.7 million (2021: EUR 44.3 million) due to a significantly lower valuation result of the investment properties. Earnings from ongoing property management however increased from EUR 21.4 million in 2021 to EUR 25.7 million.
Funds From Operations (FFO) increased by EUR 3.1 million to EUR 15.5 million compared to the previous year while the cash flow from operating activities remained stable at around EUR 20 million (2021: EUR 19.8 million).
The occupancy rate increased by 3.3 percentage points to 96.7 per cent and rental income rose significantly by 11.4 percent to EUR 32.2 million. Combined with a solid capital situation which is supported by a low debt-equity ratio (LTV 34%) and long-term interest rate hedging of the debt capital POLIS has thus strengthened the basis for the company’s further profitable growth.
The complete Annual Report 2022 is available here: