FCR Immobilien Stock: Profits Double, Dividend Surges

FCR Immobilien has confirmed impressive financial results for 2024, with pre-tax earnings (EBT) more than doubling to €23.1 million from €10.1 million in the previous year. This remarkable performance came despite a strategic shift toward quality over quantity, which included the sale of seven properties and the divestment of FCR's stake in Immoware24. While these transactions predictably reduced rental income to €33.3 million from €38.3 million year-over-year, they generated sales revenue of €20.8 million and strengthened the company's remaining portfolio of approximately 80 properties. The quality improvement is evidenced by an increased occupancy rate of 94.1% and extended average lease duration of 5.7 years, providing greater predictability for future revenue streams.

Digital Strategy Drives Shareholder Returns

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The company's aggressive digitalization initiatives have yielded significant cost reductions in both materials and personnel expenses, helping maintain stable Funds from Operations (FFO) at €7.0 million despite rising interest costs. In recognition of this strong performance and as a signal of confidence in future growth, the management board has proposed nearly doubling the dividend to €0.45 per share, up from €0.25 in the previous year. Shareholders will vote on this proposal at the annual general meeting scheduled for May 20, 2025.