Company Profile For Pirelli & C. Real Estate SpA

Pirelli & C. Real Estate SpA (PCRE.MI) (Milan Stock Exchange)

sector: Financials · industry: Real Estate Operations ·

As of 6:04pm IST

0.53EUR

Price Change

-0.01

Percent Change

-1.11%

Analyst Recommendations

Overview

Pirelli & C Real Estate SpA is an Italy-based alternative asset management company specialized in the real estate sector. It manages funds and companies that own real estate and non- performing loans, in which it invests through minority stakes and to which it provides specialized real estate services, both directly and through a network of franchised agencies. Pirelli & C Real Estate offers valuation, acquisition, management, enhancement and disposal of real estates. It divides its activities into three segments: Asset Under Management, Asset Management and Specialist Services. The Company’s subsidiaries include Alfa Srl, Beta Srl, Centrale Immobiliare SpA, DGAG Immobilien Management GmbH, Lambda Srl, Parcheggi Bicocca Srl, Pirelli & C R E Deutschland GmbH, Pirelli RE Bulgaria AD and Pirelli RE Netherlands BV, among others.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Pirelli & C Real Estate S.p.A.'s total revenue decreased 31% to EUR229.3M. Net loss from continuing operations increased from EUR12.9M to EUR57.9M. Total revenue reflects a decrease in demand for the Company's products and services. Net loss from continuing operations reflects a increase in amortization and depreciation expenses as well as lower financial income.