SRC Research, the bank-independent analysts' house for Financials and Real Estate stocks today presents a rating update on listed property developer and hotel specialist Warimpex.
The portfolio consists of Hotel-, Office buildings and development in different stages in the CEE region with a Gross Asset Value of about Euro 344m.
Today, the company released its 9M 2016 report. The numbers unveiled a tremendous swing back to black numbers for the operating profit and the bottom line. The performance of the Warimpex hotels was good and the hotel revenues only slightly declined by 5% to almost Euro 40m, which is a success,
The portfolio consists of Hotel-, Office buildings and development in different stages in the CEE region with a Gross Asset Value of about Euro 344m.
Today, the company released its 9M 2016 report. The numbers unveiled a tremendous swing back to black numbers for the operating profit and the bottom line. The performance of the Warimpex hotels was good and the hotel revenues only slightly declined by 5% to almost Euro 40m, which is a success,
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