Varia only just under budget in April

This rate is above expectations and shows that the company is well prepared for these difficult times, says Patrick Richard, executive member of the Board of Directors of Varia US Properties AG.

Asset and property management was very quick to implement the right measures related to the Covid 19 pandemic to create a safe working and living environment and support residents who were struggling.

Varia plans to present its figures for the first quarter of 2020 on May 13, and its annual general meeting will be held on June 26. Half-year results are to be announced on August 27.

Varia invests exclusively in multifamily properties in the U.S. with a focus on the secondary and tertiary markets. The company acquires, owns and repositions residential properties in metropolitan areas of the United States. (ah)