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FACTS, FIGURES ANDTHE LATEST NEWS FORPRIVATE INVESTORSMarch 2012
DECIDE FOR YOURSELF.
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Dear shareholders,
In spite o te llenging mket envionment, we geneted sound opeting esults in eent monts. Enings
impoved in ll segments nd dministtive expenses (pesonnel osts nd oveeds) ell by 17.7% ye-on-ye
duing the fst thee qutes o 2011/12, even though we integted dditionl oveheds with the tnsition
onsolidtion o te esidentil popety develope adm in romni.
We lso eed numbe o key sttegi gols. On 19/03/2012 IMMOFINaNZ aG not only beme te st
el estte ompny to join te aTX ve Index, but ws lso inluded in te intentionl Emeging Euope Index
o te EPra (FTSE EPra/NarEIT Emeging Euope Index). Wit ened sttegy, we intend to use tis good
stting position to genete inesing enings o ou seoldes.
IMMOFINANZ GrOup As A reAl estAte MAchINe
We e woking hd to tnsom IMMOFINaNZ Goup om el estte mnge into el esttemhine. The gol is to podue stnddised popeties t lely defned, onstntly high qulity level,
ully ent tese popeties toug tive sset mngement nd ten sell tem substntilly ove te ying
mount t yle-optimised time. Ou eots nd esults will be optimised by ute inesing te oopetion
between deptments. Te dieent viewpoints nd ombined know-ow o ou tems fow into e nd evey
pojet om te vey beginning. Tis ompeensive ppo is designed to expnd ou potbility oss te
entie vlue in nd to inese te tunove o ou popety potolio. Te individul yles o tis el estte
mine extend om te pojet nd plnning pse to te onstution, optiml mketing, entl nd sle o
te popety. Te lengt o te timeline will depend on te espetive mket envionment.
prOveN OperAtING FOcus
We intend to ontinue ou optimistion ouse nd the onenttion on
ou sset lsses in eigt oe ounties. results in tese oe ounties
onm ou exellent positioning. Te West Euopen potolio bings
stbility, in te Est Euopen oe ounties ou expeiene elps us
to utilise oppotunities o potble gowt. Ou enings in Polnd
nd russi e ledy bove-vege, nd we e lso poduing
sound esults in difult mkets like romni. This suess is sup-
poted, mong othes, by ou exellent knowledge o the mkets,
deentlised egionl sset mngement nd te ig qulity o oupopeties.
We pln to ontinue ou development tivities, bove ll in
Esten Euope. Espeilly in russi nd Polnd, but lso in
romni nd cze republi, we e peping nd elising
new development pojets. Tey inlude te Jindisk 16,
19t centuy building in te inne ity o Pgue tt we will
ompletely enovte nd expnd.
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INcreAse IN resIdeNtIAl cONstructION IN AustrIA
BUWOG, wolly owned subsidiy o IMMOFINaNZ Goup nd ou ompetene ente o esidentil po-
peties, plns to onstut 500 to 700 ptments nnully ove te oming yes insted o te pevious 200.Te ol point o tis inesed gowt will be pled on eely nned ondominiums nd investment pt-
ments. Sine good lotions e not esy to nd, we will tnse suitble sites to BUWOG, e.g. lnd long te
Beitenute nd altmnnsdoe Stsse.
INcreAsed resIdeNtIAl cONstructION develOpMeNt prOjects IN eAsterN eurOpe
BUWOGs know-ow lso suppots ou business tivities in Esten Euope, wee tee is substntil pent-up
demnd on te ousing mket in mny ounties. On 9/11/2011 IMMOFINaNZ Goup nlised te ull tkeove
o adm holding Publi Ltd., te leding esidentil popety develope in romni. adm etes n idelpltom o te expnsion o ou esidentil onstution tivities in Sout-Esten Euope.
reFINANcING secured
Ou long-stnding mket pesene nd good eputtion mke it possible o us to efnne ou pojets t
eptble onditions, even in difult eonomi envionment. With ZaO rieisenbnk, we onluded
long-tem edit geement o USD 55 million. This fnning will be used o the Fith avenue Shopping
Mll one o ou sopping entes owned by IMMOFINaNZ Goup in Mosow. In ddition, helb nd pbb
Deutshe Pndbiebnk gnted IMMOFINaNZ Goup EUr 210 million lon to efnne the Silesi city
cente in Polnd.
prOGressIve dIvIdeNd pOlIcy
Te poeeds om te sle o popeties will be einvested in new development pojets to ontinue te gowt
ouse nd te gins on tese sles nd te mngement o te stnding investment potolio will suppot
te pogessive dividend poliy o IMMOFINaNZ Goup. Te ompny pid dividend o 10 ents pe se
o te 2010/11 nnil ye. Plns ll o dividend pyment o 15 ents pe se o te uent nnil
ye nd 20 ents pe se o te ollowing ye. Tis distibution will gin be designted s epyment o
pitl in odne wit austin tx lw nd will teeoe be tx-ee o ntul pesons esident in austi,wo old IMMOFINaNZ ses in tei pivte ounts.
Fo te tem o te new IMMOFINaNZ Goup,
ea Zn
cimn o te Exeutive Bod
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HIGHLIGHTS. Q1-Q3 2011/12
julY
Sccss rnancing oh Rssian ogisics aciiy
Shshary gnras nwnds or IMMOFINANZ
Grop21 July 2011
AuGuSt
IMMOFINANZ Grop acqirs 1Ashopping cnr dvopmnsi in h Poish ciy o lin 2 August 2011
Sa o Oc CampsGasomr Phas two in
Vinna compd1 August 2011
jANuARY
IMMOFINANZ Gropssidiary wins dcisivDragon FX awsi26 January 2012
IMMOFINANZ Grop signsong-rm as wih lonardo
Hos in Vinna09 January 2012
DeCeMbeR
Mariimo Shopping Cnrdvopmn procrcivs CIj award or bsNw Shopping CnrDvopmn19 December 2011
ZAO Raifisnank opns a uSD55 miion ong-rm crdi inor IMMOFINANZ Grops FihAvn Shopping Ma in Moscow14 November 2011
IMMOFINANZ Grop ss invs-mn in Andras Qarr dv-
opmn proc in Dssdor12 December 2011
IMMOFINANZ Grop going srongin h rs ha o 2011/12: Grop
rs has mor han dodcompard o h prvios yar
20 December 2011
IMMOFINANZ Grop compsAdama akovr
9 November 2011
Haa and p DschPandriank arrang
euR 210 miion aciiyor IMMOFINANZ Grops
Sisia Ciy Cnr in Poand29 November 2011
NOVeMbeR
juNe
IMMOFINANZ Grop ssnd invsmns or ovr
euR 137 miion8 June 2011
IMMOFINANZ Grop acqirs100% o op oc propryeqaor in Warsaw10 June 2011
IMMOFINANZ Grop acqirs100% o ading rsidniapropry dvopr Adama
16 June 2011
MAY
IMMOFINANZ Grop aks ovr100% o Zagrs op oc
propry Grand Cnar5 May 2011
IMMOFINANZ ss 30% sak oMyPac-SSorag
18 May 2011
IMMOFINANZ aks ovr100% o h GoodZonshopping cnr in Moscow11 May 2011
IMMOFINANZ Grop ss ocand rai propry in Simmring(Vinna)30 May 2011
IMMOFINANZ Gropscrs prim ocpropry Park Posp inWarsaw22 September 2011
IMMOFINANZ Gropopimiss oc and rai
poroio in Asria5 September 2011
OCtObeR
Cornrson crmonyor h Gring Qarir inCoogn Grmanys hirdargs innr ciy qarrdvopmn proc18 October 2011
IMMOFINANZ Grop ooss SisiaCiy Cnrs mark posiion wih
h opning o a nw and y xnsion
12 October 2011
IMMOFINANZ Grop opnsMariimo Shopping Cnr in
Romania27 October 2011
SePteMbeR
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IMMOFINANZ GrOup.
a potble, stble nd isk-optimisedel estte ompny.
WhAt We dOWe genete sustinble inome o ou seoldes wit st-lss pope-
ties. Ou tivities e onentted on pime popeties in ou oe seg-
ments etil, ofe, logistis nd esidentil. The divesiftion o isk is
suppoted by ou potolio in eight oe ounties: pojets in austi nd
Gemny om te bsis o investments in cze republi, Slovki, hungy,
romni, Polnd nd russi.
Where We GeNerAte Our eArNINGs
Ou oe business involves 1 the acquisition nd management of stan-
ding investments, 2 the elistion o development projects nd3 te sale of properties. rougly 80% o ou enings ome om te entl
o pime popeties in top lotions. Te ote 20% ome om te puse
nd sle o popeties s well s the development o ou own el estte
pojets. Togethe these thee soues o enings om the bsis o the
potble, stble nd isk-optimised business o IMMOFINaNZ Goup.
Our FOcAl pOINts FOr the curreNt FINANcIAl yeAr
Following te suessul estutuing o te ompny, we e woking d
to genete inesing pofts o ou sheholdes with eh nd evey
one o ou pojets. Te sle o seleted popeties outside ou ou oe
segments nd the einvestment o these unds in high-qulity popeties
will suppot the ontinuous stengthening o ou potolio. We e eti-
vting development pojets tht wee suspended duing the isis nd
lso stting new ssignments. In the opeting e, ou ous is pled
on te tive mngement o te stnding investments. Ou gols e to
inese oupny levels nd ents in ou popeties nd ute optimise
te ost stutue.
IMMOFINANZ GrOup
is el estte investment
nd development opo-
tion tht is listed on the
Vienn Stok Exhnge.
Sine its ounding in 1990,
the ompny hs om-
piled high-qulity po-
pety potolio tht now
inludes moe thn 1,830investments with -
ying mount o ppox.
EUr 9.81 billion. Ou stn-
ding investment potolio
oves 6.6 million sqm o
entble spe, whih u-
ently hs n oupny
te o ppox. 90%.
OFFICe 30.7%
RetAIl 27.7%
lOGIStICS 9.2%
ReSIDeNtAl 30.2%
OtHeR 2.2%
SeGMeNtSINCOMe SOuRCeS80%
10% 10%
AssetManage-ment
radeDevelop-ment
21 3Distributionofstandinginvestments
asof31/01/2012,
rounded
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IMMOFINANZ GrOup.
Suessul in ou segments.
a well-known investo in ig-
qulity oie buildings o
intentionl opotions.
30.7%SHARe OF StANDINGINVeStMeNt PORtFOlIOas o 31/01/2012
%
bb Cnrm Gamma, Prague, Czech Republic
109 81.3%
2.695 bill. 42.0 mill.*
StANDING INVeStMeNtSas o 31/01/2012
OCCuPANCYas o 31/01/2012
StANDING INVeStMeNtScarrying amount as o31/01/2012
ReNtAl INCOMein Q3 2011/12
RetAIl
a espeted intentionl
shopping ente develope
nd opeto.
27.7%SHARe OF StANDINGINVeStMeNt PORtFOlIOas o 31/01/2012
%
190 93.3%
2.428 bill. 55.9 mill.*
StANDING INVeStMeNtSas of 31/01/2012
OCCuPANCYas of 31/01/2012
StANDING INVeStMeNtS
carrying amount as of31/01/2012
ReNtAl INCOMein Q3 2011/12
* Rental income in Q3 2011/12 based on the main use (Rental income reported in the income statement is according to actual use othe property; marginal dierences to the income statement are hence possible)
Pos Cnr, Cluj, Romania
OFFICe
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lOGIStICS
ReSIDeNtAl
rely on the know-how o Deutshe
Lgehus to elise the oppotuni-
ties ineent in te gowing logistis
mket.
Bundled expetise o
esidentil popeties in
Westen nd Esten Euope.
9.2%SHARe OF StANDINGINVeStMeNt PORtFOlIOas o 31/01/2012
30.2%SHARe OF StANDINGINVeStMeNt PORtFOlIOas o 31/01/2012
%
%
evocasa Sca, Bucharest, Romania
69
1,259
86.0%
95.3%
810.8 mill.
2.645 bill.
17.7 mill.*
33.7 mill.*
StANDING INVeStMeNtSas o 31/01/2012
StANDING INVeStMeNtSas o 31/01/2012
OCCuPANCYas o 31/01/2012
OCCuPANCYas o 31/01/2012
StANDING INVeStMeNtScarrying amount as o31/01/2012
StANDING INVeStMeNtS
carrying amount as o31/01/2012
ReNtAl INCOMein Q3 2011/12
ReNtAl INCOMein Q3 2011/12
* Rental income in Q3 2011/12 based on the main use (Rental income reported in the income statement is according to actual use o theproperty; marginal dierences to the income statement are hence possible)
boksrska Disriion Park, Warsaw, Poland
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results on te st tee qutes 2011/12s o 31/01/2012
FACTS, FIGURES AND THE
LATEST NEWS.
Would you like to register or our
shareholders database and receiveregular inormation on our com-
pany via email? Send us an emailor a ax with your contact data or
just give us a call:
IMMOFINANZ AG
Private Investor CommunicationsT +43 (0)5 7111
F +(0)5 7111 8888Wienerbergstrae 11
1100 Vienna
31 jana2012
+/in %
31 jana2011
rentl inome in EUr mill. 437.3 3.4 423.1revenues in EUr mill. 577.1 3.3 558.6
administtive expenses in EUr mill. 101.0 -17.7 122.7
results o opetions in EUr mill. 372.0 19.9 310.3
EBIT in EUr mill. 690.9 101.3 343.3
Net pot o te peiod in EUr mill. 269.4 17.5 229.3
Net pot o te peiod (beoe u-
eny eets) in EUr mill.
252.6 1.3 249.4
cs fow o dividend distibutionin EUr mill.*
222.2 6.3 209.0
tHe IMMOFINANZ SHAReas o 31/01/2012
INVeStMeNt PROPeRtYas o 31/01/2012
5.53NAV (diluted)per share
2.804 bill.MARKet CAPItAlISAtION(share price: EUR 2.459)
8.770 bill.StANDING INVeStMeNtScarrying amount
m
2
6.613 mill.ReNtAble SPACein the standing investments
1.140 bill.NuMbeR OF SHAReSas o 31/01/2012
1,630StANDING INVeStMeNtSnumber o properties
stOcK eXchANGe dAtA
eArNINGs dAtA
Key dAtA ON IMMOFINANZ GrOup.
Te current quarterly report is available at www.immofnanz.com.
* Te s fow om te esult (EUr 289.4 million) minus inteest pid (EUr -113.3 million) plus inteest eeived(EUr 11.2 million) minus s outfow om deivtives (EUr -12.9 million) plus inome om popety sles(EUr 39.4 million) plus inome om te sle o inventoies minus podution osts (EUr 8.4 million).
31 jana2012
+/in %
30 Ai2011
cying mount pe se in EUr 5.31 -3.1 5.48
Net sset vlue pe se
(diluted) in EUr
5.53 3.1 5.36
Se pie t end o peiod in EUr 2.46 -23.4 3.21
Disount o se pie to diluted
NaV pe se in %
55.5 38.3 40.2
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