Eastnine publishes Interim report January – June 2019
Interim period 1 January – 30 June 2019 · Rental income increased by 41 per cent to EUR 6,046k (4,275) due to an expanded property portfolio. On an identical portfolio, rental income decreased by 15 per cent owing to reduced occupancy rate. · Net operating income increased by 56 per cent to EUR 5,401k (3,465). · Profit from property management increased by 175 per cent to EUR 2,420k (879). · Unrealised value changes amounted to EUR 7,305k (-1,756) of which EUR 3,483k (945) is attributable to directly-owned real estate, EUR -1,396k (-506) to interest derivatives, and EUR 5,219k