CA Immobilien Anlagen AG (CAI)
Wiener Börse · Real Estate · analysed October 12, 2026
Founded in 1987 and headquartered in Vienna, CA Immobilien Anlagen AG is an Austrian real estate group specializing in the ownership, management, and development of high-quality office properties in Central European metropolitan areas, primarily across Germany, Austria, and Central and Eastern Europe. The company operates across the complete property value chain, generating revenue from long-term commercial leases as well as selective property development and trading. Currently, CA Immo is focused on active portfolio optimization through capital rotation, divesting non-core and secondary assets to concentrate resources on modern, highly sustainable Class A office buildings in prime inner-city locations alongside maintaining balance sheet discipline.
Executive summary
CA Immobilien Anlagen AG is a commercial real estate company focused on prime Class-A office buildings across Germany, Austria, and select Central European capitals1,14. The business demonstrates robust core operational health, with 94.1 percent occupancy and positive like-for-like rental growth, supported by a moderate net loan-to-value ratio of 34.5 percent1,14. However, reported revenues continue to shrink as management executes non-core disposals, while ongoing commercial property yield outward shifts and Starwood Capital's 71 percent controlling ownership weigh on minority equity sentiment1,12,14.
Sources cited here, 3 of 22
- 1caimmo.com
- 12caimmo.com
- 14caimmo.com
Key figures
- Market cap
- $2.4B
- P/E, trailing
- 13.6
- Revenue growth, last fiscal year
- -8.0%
- Net margin, last fiscal year
- 61.2%
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