Varia US Properties AG with very strong operational half-year results

Significantly increases effective gross income (+16%) and EBITDA (+19%)

Manuel Leuthold, Chairman of the Board of Directors of Varia, said: “We are very pleased with the positive operating results in these extraordinary times. These very strong operational half-year results also reflect the resilience and growing financial performance of the portfolio. At the beginning of this year, Varia focused on the further implementation of its growth and value-add strategy. The second quarter was characterized by the COVID-19 pandemic and to best serve the tenants, while maximizing rent collections and reducing the cost side. This stable business development makes us quite optimistic for the full year and beyond, provided that circumstances are not significantly worsened by the pandemic.”

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