Branicks Group AG Announces Stable Growth Despite Economic Challenges

Branicks Group AG, a key player in Germany's real estate sector, reported stable growth in the first nine months of 2024. Despite geopolitical uncertainties and a challenging economic climate, the company saw funds from operations rise to EUR 36.1 million. The firm completed the sale of 19 properties in a gradually improving market, helping reduce its leverage ratio. As of September 30, assets under management totaled EUR 12.1 billion, a decrease from the previous year due to sales.

The bridge financing for VIB-Vermögen AG was fully repaid. The company continues to strengthen VIB as a diversified portfolio holder. With strategic property sales, rental growth, and improved management income, Branicks is optimistically moving towards its year-end goals. The forecast for 2024 indicates continued revenue from property management alongside strategic sales. CEO Sonja Wärntges remains confident in the company's trajectory amidst persistent conditions, focusing on portfolio and cash flow optimization.