- Stable recurrent net rental income. The income of the assets acquired in 2010 compensates the rental income of the assets sold in 2011.
- Banimmo has completed four sales transactions generating a net capital gain of € 4.19 million, whereas no sale was realized in 2010.
- Weakening of the contribution of companies consolidated by the equity method (decrease with € 3.48 million) mainly due to fair value adjustments on real estate assets and hedging instruments. The operational performances of these participations remain good and in line with expectations.
- The operational result progresses from € 10.05 million to € 15.06 million (+50%).
- The net current result increases from €2.6 million to € 6.97 million (+168%).
- The intrinsic net value (1) amounts to € 14.52 per share.
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