IMMOFINANZ Increases EBIT by 52.5 Percent in First Half of 2006/07

--------------------------------------------------------------------------------
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
--------------------------------------------------------------------------------

Wien (euro adhoc) - IMMOFINANZ Increases EBIT by 52.5 Percent in
First Half of 2006/07

. Revenues increase to 240 million Euro
. NAV per share increases to 10.30 Euro
. Extensive investments in CEE and Germany

IMMOFINANZ AG has been highly successful in the first half of
the 2006/07 business year. Operating profit (EBIT) improved by
52.5 percent from 197.6 million to 301.4 million Euro, while
earnings before tax (EBT) rose by an even higher margin of 56.7
percent from 185.7 to 291.0 million Euro. Key growth figures
were strongly up as well: revenues increased by 31.3 percent from
182.3 million to 239.3 million Euro despite considerable investments
in development projects, which will generate rental income only in
subsequent periods.

There was an especially strong increase in real estate assets.
Usable space rose by 54.6 percent from 5.81 million m² to 9.0
million m². The number of properties rose from 1,818 to 2,324
objects. The portfolio's fair value exceeded ten billion Euros
for the first time, reaching 10.59 billion Euro by the end of the
second quarter (previous year 5.62 billion Euro). Additional
transactions that occurred after the end of the reporting period
pushed real estate assets to a record level of 11.76 billion Euro, a
gain of 109.1 percent on an annual basis.

The company's net asset value (NAV) increased sharply, too. NAV per
share based on the assets and liabilities in the balance sheet was
9.65 Euro as of the closing date. NAV per share based on the
market value of IMMOFINANZ's interest in IMMOEAST was 10.30 Euro
(based on the share price of IMMOEAST as of October 31, 2006).

All three regional subsidiaries showed markedly positive
development. IMMOEAST enhanced its position as the leading investor
in CEE. The considerable rise in IMMOEAST share price increased the
value of IMMOFINANZ's stake in it to more than three billion Euro
as of the middle of December. IMMOAUSTRIA was very successful
in its efforts to boost revenue from its existing portfolio. The
performance index "IPD Austria" that was recently published for the
first time revealed that IMMOFINANZ's portfolio had a total return
of 7.8 percent, nearly one-third above the market average of 5.9
percent. IMMOWEST expanded its German portfolio, especially in the
logistics sector. The sale of most of its interest in ProLogis
resulted in a profit of 15 million Euro. The sale of four
properties in Italy generated substantial profit, too.

INVESTOR RELATIONS INFORMATION

. PRESS RELEASE available at 10:00 a.m. CET:

http://www.immofinanz.com/english/05news/press.htm

. REPORT ON THE FIRST HALF YEAR as of 31 October 2006:

http://www.immofinanz.com/english/02ir/berichte.htm

end of announcement euro adhoc 28.12.2006 07:30:00
--------------------------------------------------------------------------------

ots Originaltext: Immofinanz Immobilien Anlagen AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
MMag. Dr. Karl Petrikovics
Vorstandsvorsitzender der Immofinanz
Immobilien Anlagen AG
Tel.: +43 1 536 16-400
mailto:investor@constantia.at

Branche: Real Estate
ISIN: AT0000809058
WKN: 911064
Index: ATX Prime
Börsen: Wiener Börse AG / official market


	hier anmelden...