S IMMO AG provided earnings guidance for the first quarter of 2020. In the first quarter of 2020, the company will presumably top the operating results of the very successful prior-year period: total revenue, gross profit and EBITDA are expected to increase by approximately 5% to 8% in comparison to the previous-year period. The results from property valuation turned negative because of the effects of the COVID-19 pandemic. According to the preliminary figures, a modest negative valuation result of more than negative EUR 30 million is expected (equivalent to approximately 1.3% of the IFRS property portfolio). Based on this valuation result, a net loss for first quarter of 2020 is expected as well.