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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Frankfurt's DIC Asset boosts profits, raises 2009 guidance
Frankfurt-based listed commercial property group DIC Asset posted its third significant increase in quarterly profits in a row in third quarter 2009, raising its full-year forecast for funds from operations significantly, to e45m-e46m. Key drivers were the strong performance in operations, and unchanged rental income. Also in the firt three quarters, FFO - earnings before interest and taxes plus profits from disposals and development projects - rose 6%, and already matched the full year target. DIC Asset's total assets remained unchanged at e2.2bn. (See upcoming PFE/PIE issues for full story)