ARTICLES LABELLED WITH TAG financial report

News CTP records €98 million profit in Q1 2021
12
May
2021

CTP records €98 million profit in Q1 2021

by Property Forum
In its first financial results announcement since the IPO in March 2021, CTP recorded a 16.9% growth of net rental income in Q1 2021 vs Q1 2020, increasing its market share in its core CEE markets to 24% by the end of Q1 2021 and more than doubling leasing activity to 397,000 sqm GLA (compared to 184,000 sqm in Q1 2020).
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News Impact Developer & Contractor revenues up 28% in 2020
26
Apr
2021

Impact Developer & Contractor revenues up 28% in 2020

by Property Forum
Revenues of Impact Developer & Contractor totalled €42.3 million in 2020, up 28% year-on-year, driven by higher residential sales for its Bucharest-based projects. 
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News Immofinanz reports €160 million loss for 2020
21
Apr
2021

Immofinanz reports €160 million loss for 2020

by Property Forum
Immofinanz recorded an increase in rental income and results of property sales in 2020 despite the COVID-19 crisis. FFO 1 (before tax and incl. the S Immo dividend) rose by 0.6% year-on-year to €126.1 million, supported by cost savings. Profit before tax equalled €-160.4 million (2019: €350.1 million). After the deduction of €-5.5 million (2019: €-2.5 million) in income taxes, net loss amounted to €-165.9 million (2019: €352.1 million).
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News Duna House posts strong figures for Q1 2021
09
Apr
2021

Duna House posts strong figures for Q1 2021

by Property Forum
Publicly traded Hungarian real estate brokerage firm Duna House has released its metrics for the first quarter. Duna House started the year with record quarterly volumes in all of its core business lines in the middle of the third wave of the COVID-19 pandemic. After a series of record highs in 2020, the first quarter, which is usually weak seasonally, brought all-time records in both real estate and credit brokerage in 2021: franchise real estate brokerage grew by 36%, own office real estate brokerage by 37% and credit brokerage by 6% year-on-year.
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News S Immo reports €56.9 million profit for 2020
08
Apr
2021

S Immo reports €56.9 million profit for 2020

by Property Forum
S Immo generated a profit of €56.9 million for the financial year 2020, closing the year well in the black despite the COVID-19 crisis.
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News Globalworth keeps 2020 rent collection rate at 99%
26
Mar
2021

Globalworth keeps 2020 rent collection rate at 99%

by Property Forum
Globalworth has released its Annual Report and Audited Consolidated Financial Results for the year ended 31 December 2020. The company’s approach to the COVID-19 business recovery process has resulted in balanced growth, with a net operating income increased by 6.5% to €157.3 million and a total combined portfolio value that remained effectively unchanged at €3.0 billion.
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News CA Immo continues operating profit growth
25
Mar
2021

CA Immo continues operating profit growth

by Property Forum
For 2020, CA Immo reported increased operating profit and a positive consolidated net profit. Portfolio growth through own project completions and portfolio acquisitions in combination with the continued high occupancy rate of the investment portfolio (occupancy rate: 95%) led to a further increase in net rental income (+8% compared to the previous year) and the operating result (+14%).
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News GTC records €66 million operating profit in 2020
23
Mar
2021

GTC records €66 million operating profit in 2020

by Property Forum
At the end of 2020, GTC’s property portfolio reached €2.1 billion while total revenues were at €160 million. Profit before tax and fair value adjustments reached €66 million in 2020, down from €73 million in 2019. Occupancy across the whole portfolio was steady at 91% despite a very challenging environment. GTC presented its 2020 financial results.
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News MLP Group posts over €36.8 million in net profit for 2020
19
Mar
2021

MLP Group posts over €36.8 million in net profit for 2020

by Property Forum
MLP Group has released consolidated financial results for 2020, showing a net profit of €36.8 million (PLN 170 million), up 32% year on year. Equity (net assets) rose 29% in 2020, to PLN 1.21 billion, with gross investment property having expanded by the same percentage, to PLN 2.33 billion.
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News Globalworth records 6.5% increase in NOI for 2020
05
Mar
2021

Globalworth records 6.5% increase in NOI for 2020

by Property Forum
In 2020, Globalworth’s Net Operating Income increased by 6.5% to €157.3 million, despite the negative effect (-2.3%) of the COVID-19 pandemic. The company announced its unaudited financial results for 2020.
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Latest news


New leases

  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.
  • Endava has leased an additional 2,400 sqm in the UBC 1 building, part of the Palas Iași mixed-use complex owned by Iulius. This expansion brings its total office area to 5,500 sqm.

New appointments

  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.
  • Indotek Group has welcomed Viktor Nagy, who joined us in September as Head of Non-Retail Sales. With more than 20 years of experience in the real estate sector, Viktor has held leadership positions at international companies such as Immofinanz, EHL Real Estate Hungary and Atlas Estates. In his new role, he will be responsible for further developing our non-retail sales strategy and strengthening international relations.
  • Paweł Reszczyński has been promoted to Land Development Director and will be responsible for coordinating land acquisition and investment processes for new logistics and industrial projects. Developing the land bank remains a key pillar of MLP Group's long-term expansion strategy.

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