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The Earnings Report — Europe

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The Earnings Report — Europe

This roundup collects recently reported earnings and guidance from European real estate companies.

* For the year ended Dec. 31, 2017, Foxtons Group plc logged a profit and total comprehensive income of £5.3 million, versus £15.7 million in the prior year. Adjusted EPS dropped to 2.6 pence from 5.7 pence.

* CA Immobilien Anlagen AG's adjusted funds from operations I rose 16.4% year over year to €106.8 million in 2017 from €91.7 million. Adjusted FFO I per share came to €1.14, up 17.5% from a year earlier. FFO II totaled €169.7 million, or €1.82 per share, versus €113.7 million, or €1.20 per share, in 2016.

The S&P Capital IQ consensus FFO estimate for 2017 was €1.15 per share.

For 2018 and 2019, the company expects to report FFO I of at least €115 million and €125 million, respectively.

* NH Hotel Group SA more than tripled its recurring net profit to €34.8 million in 2017, from €11.5 million in 2016. Recurring EBITDA improved 28.9% year over year to €233.1 million from €180.9 million, and the company expects the figure to rise to €260 million in 2018.

* Alstria office REIT-AG's full-year FFO slipped 2.2% to €113.8 million in 2017 from €116.4 million in 2016. FFO per share amounted to 74 cents, compared to 76 cents in 2016.

The S&P Capital IQ consensus FFO estimate for 2017 was 73 cents per share.

The company's FFO forecast for 2018 is €110 million.

* Hyprop Investments Ltd. reported total profit attributable to shareholders of roughly 1.44 billion South African rand for the second half of 2017, down from roughly 1.58 billion rand in the comparable year-ago period. EPS for the period totaled 5.74 rand, down from 6.34 rand in 2016.

* For the last quarter of 2017, Solon Eiendom ASA reported profit attributable to owners of the parent of roughly 30.9 million Norwegian kroner, compared to a loss of 17.6 million kroner in the 2016 fourth quarter. Earnings for continuing operations for the period amounted to 54.2 øre per share from a loss of 60 øre per share a year earlier.

Additional coverage

Swiss Prime Site's FY'17 operating income up 10% YOY, dividend increased

As of March 2, US$1 was equivalent to 11.97 South African rand and 7.81 Norwegian kroner.