Varia US Properties AG delivers strong results through the first three quarters of 2022

Rental income up 18.7% compared to the prior period (Q1-Q3 2021) and a significant increase of net profit to USD 163.9 million

  • Rental income up 18.7% to around USD 93.5 million (Q1-Q3 2021: USD 78.8 million)
  • Net gain from fair value adjustment up to USD 207.2 million (Q1-Q3 2021: USD 124.8 million)
  • Profit for the period significantly increased to USD 163.9 million (Q1-Q3 2021: USD 100.1 million)
  • Promising portfolio development with higher portfolio value and increased average monthly rent
  • Varia US expects to see a stabilisation in same store valuation despite ongoing complications in the market before a rebound in the second quarter of 2023, when interest rates are expected to begin stabilizing.

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