CA Immobilien Anlagen AG2012年年度报告.pdf

1、A CleARMeAnsno detouRsstRAtegynet opeRAting inCoMe 2012 m1802011:228,1 m 2012:247,9 m220200190230250240210+9%stRAtegy 2012 2015FoCus on CoRe expeRtiseeMphAsis on poRtFolio MAnAgeMentinCReAse equity RAtioAnnuAl RepoRt 2012 KEY FIGURES INCOME STATEMENT 2012 2011 Rental income m 280.9 265.6 EBITDA m 24

2、5.3 246.4 Operating result(EBIT)m 230.4 285.0 Net result before taxes(EBT)m 72.5 107.1 Consolidated net income m 48.6 67.7 attributable to the owners of the parent m 54.4 62.6 Operating cash flow m 193.2 191.9 Capital expenditure m 242.1 1,828.1 BALANCE SHEET 2012 2011 Total assets m 5,888.4 5,916.6

3、 Stated value(equity)(incl.minority interests)m 1,815.7 1,809.5 Long and short term interest-bearing liabilities m 3,379.5 3,264.0 Net debt m 3,067.2 2,854.2 Gearing%169 158 Equity ratio%31 31 Equity-to-fixed-assets ratio%35 35 Net asset value m 1,692.9 1,684.6 Net asset value(NNNAV)m 1,746.4 1,742.

4、3 PROPERTY PORTFOLIO 2012 2011 Total usable space(excl.parking,excl.projects)sqm 2,583,633 2,531,068 Gross yield investment properties%6.5 6.3 Book value of properties m 5,261.1 5,222.2 KEY FIGURES KEY FIGURES KEY FIGURES OF SHARE 2012 2011Rental income/share 3.20 3.02Operating cash flow/share 2.20

5、2.18Result/Share 0.62 0.71NNNAV/share 19.88 19.83NAV/share 19.27 19.17Price(key date)/NNNAV per share 11)%47 58 MULITPLIERS 2012 2011P/E ratio(KGV)17 12Price/cash flow 5 4 EV/EBITDA 16 15 VALUATION 2012 2011Market capitalisation(key date)m920 728Market capitalisation(annual average)m741 963Stated va

6、lue(equity)(incl.minority interests)m1,815.74 1,809.46 Enterprise Value(EV)m3,808.1 3,817.1Net asset value(NNNAV)m1,746.44 1,742.29 SHARES 2012 2011number of shares(31.12.)pcs.87,856,060 87,856,060 Number of shares pcs.87,856,060 87,856,060 price/share 8.4 11.0 end-of-year quotation(30.12.)10.47 8.2