BIG Federal Property Managing Company's Sales Increased Slightly
Rental income and sales proceeds of federal property managing company Bundesimmobiliengesellschaft (BIG) jumped up in H1 2016 y/y. The market value of real estates climbed to over EUR 11.2 billion (USD 12.5 billion), compared to EUR 11 billion at the end of 2015, and BIG saw the rentable floor space remain at 7 million square meters.
Revenue of the property manager increased by 8.9 percent y/y to EUR 512.5 million.
Rental income climbed by EUR 12.4 million to EUR 412.5 million.
Maintenance costs hiked by EUR 12.3 million to EUR 47.9 million, but EBITDA still managed to ede up to EUR 346.9 million. EBIT rose by EUR 111 million to EUR 425 million.
The net profit soared by EUR 81.7 million to…