The corporate data for IMMOFINANZ reflecting the company's operative business showed very positive development in the 2007/08 business year (ending 30. April, 2008): Compared to the 2006/07 business year earnings before interest, tax, depreciation and amortisation (EBITDA) rose 31.5% from EUR 229.1 million to EUR 301.4 million. Revenues increased 29.3% from EUR 518.9 million to EUR 670.8 million and cash flow grew 46.7% from EUR 169.6 million to EUR 248.8 million.

Income from revaluations reached EUR 370 million in 2007/08. The increase in the yields in several submarkets led to a considerably lower revaluation result than the year before, in which a valuation profit of EUR 749.7 million was obtained. This is reflected in the decline of 42% to EUR 514.5 in operating profit (EBIT) million and 39.2% to EUR 555.3 million in earnings before tax (EBT).

There was a substantial rise in equity, which achieved growth of 20.9% from EUR 6.52 billion to EUR 7.88 billion. The equity ratio remained nearly unchanged at 50.6% after 51.2% and is still above the long-term target ratio.

There was further growth in the company's real estate portfolio as well. Fair value rose 12% from EUR 16.28 million to EUR 18.24 million, with usable space increasing 18.3% from 11.32 million sqm to 13.38 million sqm. The number of properties rose from 2,637 to 3,078, which means an increase of 16.7%.

"In operations we were able to continue the success of previous years," CEO Karl Petrikovics says. "We have posted increasing rents per square metre, high occupancy rates and have achieved remarkable 5.1% growth in like-for-like rental income year-on-year (here only revenues from properties that were already a part of the portfolio in 2006/07 are taken into account)."

The decline of EBIT and EBT is solely a result of increased yields on the market in Central and Eastern Europe, which put a strain on the profit of IMMOFINANZ’s subsidiary IMMOEAST. Petrikovics: "In view of the more difficult environment on the real estate investment markets it is highly remarkable that we managed yet another increase in the value of our real estate assets, thereby continuing to generate respectable earnings from the revaluation of the portfolio."