Immofinanz Group’s rental revenues rose to €153.6m, an 8.5% jump from Q2 to Q3 of its 2011/12 financial year. However, its net profit fell 90 percent to €4.3m because of a variety of issues, including new derivatives valuations, and the consolidation of its 69 percent stake in the Romanian developer Adama. The rent revenues over the first three quarters of 2011/12 reached €437.3m, 3.4% higher y-o-y. Retail rents led the increase, with a 15% gain. Immofinanz’s office rent revenues fell thanks to the sale of some of buildings.
