PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Vienna's conwert FFO rises 39% after strongest year
Vienna-based listed residential property group conwert Immobilien recorded strong operating profit for 2009, with a 43% rise in revenues to E560m and funds from operations up 39% to E0.90 per share. It is proposing a dividend of E0.25 per share. "Despite the economic crisis, 2009 was the strongest year in operating terms in the history of our company," said Chairman Johann Kowar. "This success was possible because we .. prepared ourselves structurally in time for a challenging climate." (See upcoming PIE Editions for full story)