Industrial developer CTP recorded gross rental income of €205.1 million in Q1-2026, up 12.3% year-on-year with like-for-like rental growth of 4.6%. The company's annualised rental income increased to €849.3 million by the end of March 2026.
The logistics developer signed leases for 762,000 sqm in Q1, an 83% increase compared to Q1-2025. This included 327,000 sqm of prolongations and 435,000 sqm of new leases, with 73% of leases signed with existing tenants. Occupancy remained at 93% with a rent collection rate of 99.5%.
CTP delivered 116,000 sqm at a yield-on-cost of 10.4%, 96% let at completion, bringing the group's standing portfolio to 14.7 million sqm. The gross asset value increased by 2.0% to €18.9 billion, while EPRA NTA per share rose 2.7% to €20.95.
"On the back of continued strong tenant demand we set a new quarterly record for leasing volumes of 762,000 sqm in Q1-2026, 83% more than in the same period last year," said CEO Remon Vos. "The pace of nearshoring is only accelerating and this presents a significant opportunity for us, while we continue to see healthy growth in consumer spending in the CEE region."
The company confirmed its guidance to deliver between 1.4 million sqm and 1.7 million sqm in 2026, utilising its landbank of 33.3 million sqm. CTP reiterated its company-specific adjusted EPRA EPS guidance for 2026 of €1.01 to €1.03, implying year-on-year growth of 9% to 11%.
