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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.