May 30, 2022 / 01:00PM GMT
Operator
Good afternoon, ladies and gentlemen, and welcome to the S IMMO AG conference call, regarding the first-quarter results 2022. (Operator Instructions)
Let me now turn the floor over to your host, Dr. Bruno Ettenauer.
Bruno Ettenauer - S IMMO AG - CEO
Good afternoon, everybody, and welcome to the S IMMO Q1 conference call. The first quarter was influenced by the geopolitical developments, especially Ukraine war, a changed interest rate environment and the voluntary offer towards IMMOFINANZ and the final tendering into the offer of CPI.
That said, let's go to the details of Q1 and start with some highlights. We managed to increase our total revenues up to EUR57 million compared to EUR43 million in Q1 2021. Rental income increased up to EUR35.8 million. Occupancy rate remained rather unchanged. And the gross profit from letting went up to EUR28.6 million.
Turning to the financials, FFO per share increased from EUR0.13 to EUR0.21. EPRA NAV reached EUR29.31, EUR0.02 more than the end of last year. NTA went up to EUR29.11, and again, EUR0
Q1 2022 S Immo AG Earnings Call Transcript
Mar 07, 2024
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