Increasing coverage by international financial institutions
Investor relations activities for institutional investors were also significantly strengthened during 2005/06. Road shows in New York, Boston, San Francisco, Frankfurt, London, Paris, Amsterdam, Stockholm, Copenhagen, Warsaw and other major financial centres gave IMMOFINANZ an opportunity to hold presentations for numerous professional investors. This also served to further boost the interest of institutional investors in the IMMOFINANZ share and was reflected, above all, in a higher level of purchases during the capital increases.
In addition to the information provided directly by the company for its shareholders, major Austrian and international banks have increased the number of analyses that are published on IMMOFINANZ. These reports are sent directly by the banks to their own customers or made available to interested investors in accordance with the business policies of the individual banks.
The strong commitment of shareholders and the interest in information on “their” company is also demonstrated at the annual general meetings. The IMMOFINANZ annual general meeting in September 2005 had one of the highest turnouts of all listed companies in Austria with over 470 participants.
In addition to the information provided directly by the company for its shareholders, major Austrian and international banks have increased the number of analyses that are published on IMMOFINANZ. These reports are sent directly by the banks to their own customers or made available to interested investors in accordance with the business policies of the individual banks.
The strong commitment of shareholders and the interest in information on “their” company is also demonstrated at the annual general meetings. The IMMOFINANZ annual general meeting in September 2005 had one of the highest turnouts of all listed companies in Austria with over 470 participants.
COMMENTS FROM ANALYSES ON IMMOFINANZ
“Immofinanz has a well-diversified real estate portfolio in terms of sector but also in terms of space.”
CA IB, April 2006
“We would regard a premium to current NAV as justified just taking into account the strong growth of NAV expected short- to medium-term.”
Deutsche Bank, April 2006
“Combining stable returns with the CEE growth story.”
CA IB, April 2006
“Immofinanz is the largest Austrian- listed property investor with a diversified asset base and a EUR 4 bn market cap. The shares are mostly domestically held, but in the past few years more international investors have taken an interest, as it is one of the few large, liquid und well-managed (externally managed) plays to get quality exposure to the potential in the Central and East European property markets.”
Merrill Lynch, July 2006
“Immofinanz & Immoeast continue their march.”
Credit Suisse, March 2006
“Immofinanz has a well-diversified real estate portfolio in terms of sector but also in terms of space.”
CA IB, April 2006
“We would regard a premium to current NAV as justified just taking into account the strong growth of NAV expected short- to medium-term.”
Deutsche Bank, April 2006
“Combining stable returns with the CEE growth story.”
CA IB, April 2006
“Immofinanz is the largest Austrian- listed property investor with a diversified asset base and a EUR 4 bn market cap. The shares are mostly domestically held, but in the past few years more international investors have taken an interest, as it is one of the few large, liquid und well-managed (externally managed) plays to get quality exposure to the potential in the Central and East European property markets.”
Merrill Lynch, July 2006
“Immofinanz & Immoeast continue their march.”
Credit Suisse, March 2006
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