VIENNA Aug 26 Austrian property group CA Immo
boosted its full-year guidance for recurring earnings
(FFO I) on Tuesday after they increased 15 percent in the first
half to 35.8 million euros($47.2 million).
"On the basis of the positive operational business
developments in the first six months, we expect recurring
earnings (FFO I) to at least match the previous year's level of
63 million euros (guidance increase of c. 15 percent) despite
last year's extensive property sales," Chief Executive Bruno
Ettenauer said in a statement.
FFO I earnings are before taxes and after real estate sales.
(1 US dollar = 0.7579 euro)
(Reporting by Michael Shields, editing by David Evans)