GTC has presented strong financial results for the first half of 2023 with €90 of rental revenues, 8% higher than the €85 million recorded in the same period of the previous year.
H1 2023 financial highlights
H1 2023 portfolio highlights
“8% like-for-like rental income growth and 4% FFO I growth fueled by rent indexation was tempered by inflated service costs restraining gross margin. With reduced demand for offices across our core markets and yield expansion putting pressure on value, we will continue to pursue uncorrelated opportunities across Europe to further diversify our business. In this way we can leverage our strong foundations to deliver sustainable and stable returns," commented Zoltán Fekete, GTC’s President of the Management Board.
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