The company, which focuses on the American apartment building sector, announced on Wednesday that total income is expected to increase by around a quarter compared to the previous year. The profits from the sale of real estate have roughly doubled.
Added to this are unrealized gains from the revaluation of real estate. According to the information, these increased by about sixfold. Including revaluations, total revenue for 2021 is expected to double from last year’s figure of $152.4 million. And EBITDA is likely to increase by around a third after 60.3 million in 2020, according to Varia US.
Due to the “excellent” results, the Board of Directors has decided to increase its dividend forecast by 20 centimes to CHF 3.20 per share. The four distributions of CHF 0.50 each that have already been made are now to be followed by a compensation payment of CHF 1.20 per share.
The complete and audited financial statements and the outlook for 2022 will be published on March 30th.
(AWP)
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