Westgrund Aktiengesellschaft announced group earnings results for the nine months ended September 2014. For the period, the company managed to significantly increase its revenues by 53.8% from EUR 10.6 million in 2013 to EUR 16.3 million in 2014. Pre-tax profit was EUR 34.1 million, up substantially from EUR 11.2 million during the same period last year.

Post tax profit amounted to EUR 28.5 million after EUR 9.1 million last year. The operationally more relevant measure funds from operations without sales was EUR 1.74 million. Operating EBITDA came out at EUR 7.0 million, again up significantly from the same period last year.

Net asset value already reached EUR 293 million at the end of the third quarter 2014.