Jun 01, 2021 / 01:00PM GMT
Operator
Ladies and gentlemen, thank you for standing by. I'm Haley, your Chorus Call operator. Welcome, and thank you for joining the IMMOFINANZ conference call on the results on the first quarter 2021. (Operator Instructions) And I would now like to turn the conference over to IMMOFINANZ. Please go ahead.
Stefan Schönauer Bakk - IMMOFINANZ AG - CFO & Member of Executive Board
Ladies and gentlemen, welcome to our Q1 earnings call. My name is Stefan Schönauer. I'm the CFO of IMMOFINANZ Group, and I'm very pleased to guide you today through our presentation. I will start the presentation of Page 3 with the portfolio highlights. The occupancy rate of our portfolio is stable at a high level of 94.5% and our portfolio value increased to close to EUR 5.1 billion. Also, as the rental income rose slightly by 0.5%, it makes up EUR 74.8 million. This portfolio yields were attractive 6.1% and is, therewith, I think, also outstanding in the peer group. The results of asset management slightly declined by about 7.7%, and this is due to the fact that we had to
Q1 2021 Immofinanz AG Earnings Call Transcript
Jun 01, 2021
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