InCity Immobilien AG

IC8

Equity

ISIN DE000A0HNF96 / Valor 2988577

Xetra (2025-03-14)

EUR 0.54%

InCity Immobilien AG
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About company

InCity Immobilien AG is a real estate company focused on the development, management, and investment in residential and commercial properties primarily in urban areas within Germany.

Summarized from source with an LLMView SourceSector: Finance

Annual Loss for 2022

InCity Immobilien AG reported a consolidated annual loss of approximately EUR 2.9 million for the fiscal year 2022, according to preliminary, unaudited figures. This result is within the forecasted range of a consolidated annual loss between EUR 2.5 million and EUR 3.0 million.

Individual Financial Results for 2022

On an individual financial statement basis, InCity Immobilien AG recorded an annual loss of around EUR 1.9 million for 2022. This figure is significantly below the forecasted range, which was between EUR 0.1 million and EUR 0.6 million.

Annual Loss for 2023

For the fiscal year 2023, InCity Immobilien AG reported a consolidated annual loss of EUR 6.0 million. On an individual financial statement basis, the annual loss amounted to EUR 9.7 million, falling short of the adjusted forecast made in December 2023.

Half-Year Results for 2023

InCity Immobilien AG's half-year report for the first six months of 2023 showed a consolidated half-year loss of EUR 1.16 million. The company noted that it continues to experience a very good rental situation.

Financial Stability in 2023

Despite the significant annual loss reported for 2023, InCity Immobilien AG maintains a stable financial situation with significant hidden reserves. The decline in results compared to the previous year is primarily due to a decrease in EBITDA and two unplanned write-downs on existing properties.

Summarized from source with an LLMView Source

Key figures

-52.2%1Y

-61.4%3Y

-49.5%5Y

Performance

41.6%1Y

28.7%3Y

33.4%5Y

Volatility