Scope Ratings has revised Futureal’s outlook to Stable, affirming the BB- issuer ratings for Futureal Development Holding Kft. and Futureal Holding B.V.
The improved outlook is attributed to Futureal's stable interest coverage, enhanced earnings generation, and robust liquidity. The increasing proportion of income-generating assets within their portfolio effectively mitigates risks associated with development activities, contributing to more predictable financial metrics.
Scope highlights Futureal’s continued growth, driven by its HelloParks industrial real estate platform, which holds significant development potential. The company’s diverse portfolio is well-balanced across office (35%), industrial (33%), and retail (32%) assets.
János Gárdai, CEO of Futureal, said: “Scope’s revised Stable Outlook is a strong endorsement to the market that Futureal’s financial position remains solid and our operations predictable and resilient, despite the ongoing macroeconomic and real estate challenges. This feedback carries even more weight in a market where many of our peers still face weaker ratings or negative outlooks.”
Futureal has delivered over 50 major office, retail, mixed-use urban, and industrial developments, covering nearly 2 million sqm and exceeding €3 billion in total value.
With a portfolio exceeding 240 real estate projects, valued at €6 billion and spanning over 4 million sqm, Futureal is a prominent real estate developer and investor in CEE, and among Europe’s top 10.
Beyond Hungary, Futureal maintains an active presence in countries like Poland and the UK.
