BRIEF-Patrizia Immobilien sees 2016 total operating at 283 mln euros
Feb 14 Patrizia Immobilien AG:
* Releases preliminary results and exceeds its earnings forecast
* Total operating income for 2016 is expected to rise to 283 million euros ($299.24 million), exceeding most recent forecast of at least 265 million euros
* Past two financial years were also characterised by transactions, with sale of Harald portfolio in 2016 and Südewo in 2015
* Excluding contribution of these transactions to Patrizia's results, a total recurring operating income of 73 million euros is expected for 2016
* Total management fees increased by 14 per cent to 189 million euros in 2016 from 165 million euros in 2015 (excluding performance fees for Südewo exit) Source text for Eikon: Further company coverage: ($1 = 0.9457 euros) (Gdynia Newsroom)