|Bid||32.15 x 106500|
|Ask||29.95 x 505400|
|Day's Range||31.85 - 32.20|
|52 Week Range||27.36 - 34.25|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 21, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CA Immobilien Anlagen AG and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Austria-based commercial property group CA Immo reported on Wednesday an 11 percent increase in its 2018 core income, thanks to rising rental income and the marketing of new buildings, and forecast a further rise this year. CA Immo, which owns and manages high-quality, modern office properties mainly in Germany and central and eastern Europe, also said it plans to increase its 2018 dividend by 12.5 percent to 0.90 euros per share. "Our active growth strategy has brought CA Immo another record result in 2018 and, at the same time, paves the way to future profitability growth," said Chief Executive Andreas Quint in a statement.
Moody's Investors Service (Moody's) has today assigned a Baa2 rating to the planned senior unsecured bond with a sub-benchmark volume (below EUR300 million) and a maturity of 7.5 years to be issued by CA Immobilien Anlagen AG (CA Immo). CA Immo's Baa2 issuer rating is unchanged and the outlook is stable. "CA Immo's planned bond issuance is credit positive because it will lengthen the debt maturity profile, further diversify sources of funding by increasing unsecured borrowing, and increase unencumbered assets as some of the proceeds will be used to refinance secured debt", says Ramzi Kattan, Moody's Vice President -- Senior Analyst and lead analyst for CA Immo.
Commercial property group CA Immo confirmed its full-year core income forecast after posting a 13 percent rise in the first-half, helped by high occupancy rates and an increase in rental revenues. Funds from operations (FFO 1), a measure of recurring free cash flow and the firm's key indicator for operational strength, came in at 63.2 million euros ($72.28 million) in the six months through end-June, the Austrian group said on Wednesday. It added that it still expects full-year recurring earnings (FFO I) of at least 115 million euros.