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Warteck Invest AG ( (CH:WARN) ) has provided an update.
Warteck Invest AG reported a successful fiscal year 2024 with a 44.1% increase in group profit, reaching CHF 23.1 million. The company maintained a low vacancy rate of 2.6% and achieved a total stock return of 10.0%. Significant investments were made in portfolio optimization and renovations, with a strong pipeline of 17 projects planned over the next five to seven years, totaling an investment volume of around CHF 225 million. The company also strengthened its capital base through a capital increase, reducing its loan balance and maintaining a solid equity ratio of 48.3%.
More about Warteck Invest AG
Warteck Invest AG operates in the real estate industry, focusing on managing a diversified portfolio of properties across Switzerland, particularly in the dynamic growth regions of Basel and Zurich. The company is involved in property investments, renovations, and developments, aiming to optimize its portfolio and enhance rental income.
Technical Sentiment Signal: Sell
Current Market Cap: €627.9M
See more data about WARN stock on TipRanks’ Stock Analysis page.