Conwert Q1 FFO I up by half, keeps outlook

May 26, 2015 8:39 PM

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VIENNA May 26 Austrian property group Conwert's first-quarter funds from operations before sales and one-off effects (FFO I) rose 52 percent to 12.7 million euros ($13.8 million) as average rents rose while vacancy rates fell, it said on Tuesday.

That beat the average estimate of 9.2 million in a Reuters survey of analysts. Earnings before interest and tax rose nearly 12 percent to 32.5 million, also above the survey average.

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