VIB Vermögen (VIH1) H2 2024 earnings summary

Executive summary

• Achieved or exceeded all financial and strategic goals for 2024, demonstrating resilience in a challenging environment.

• Successfully implemented diversification strategy, notably expanding the office asset class as a second major income source.

Financial highlights

• Funds from Operations (FFO) rose by around 10% to EUR 79.5 million, slightly above the raised forecast.

• Gross rental income increased to EUR 88.9 million, at the upper end of the forecast and above last year's EUR 86.9 million.

• Vacancy rate remained low at 3.5%, reflecting high property quality and strong asset management.

Outlook and guidance

• Forecasts for 2025: gross rental income expected to rise to EUR 101–105 million; FFO projected between EUR 78–82 million.

• Vacancy rate anticipated to stay in the low single-digit percentage range.