tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Fundamenta Real Estate AG Doubles Profit and Eyes Capital Increase

Story Highlights
Fundamenta Real Estate AG Doubles Profit and Eyes Capital Increase

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Fundamenta Real Estate AG ( (CH:FREN) ) just unveiled an update.

Fundamenta Real Estate AG reported a significant growth in net profit, doubling to CHF 28.9 million, with a notable increase in net profit before revaluation and successful property sales. The company is considering a capital increase to finance investments and strengthen its equity base, reflecting its strong market position in a challenging Swiss rental housing market characterized by high demand and low vacancy rates.

More about Fundamenta Real Estate AG

Fundamenta Real Estate AG is a real estate stock corporation listed on the SIX Swiss Exchange, focusing on residential properties in German-speaking Switzerland. The company aims to create sustainable value for investors by offering marketable spaces with minimal environmental impact, leveraging an interdisciplinary team and integral asset management approach.

Average Trading Volume: 9,661

Technical Sentiment Signal: Buy

Current Market Cap: CHF535.1M

See more insights into FREN stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1