CA Immobilien Anlagen AG

CA Immobilien, based in Vienna, is a commercial property company focused on high-quality office buildings in major cities across Austria, Germany and central and eastern Europe. Its earnings come from rental income and the changing value of its portfolio, both sensitive to interest rates and demand for office space. CA Immo pays a dividend backed by rental cash flow, but higher interest rates and pressure on office values have weighed on the sector and on property valuations. A moderate yield from an office landlord defines its profile, dependent on a stable interest-rate and office market.