by Property Forum
MLP Group reported performance figures for the nine months to 30 September 2022. The Group’s net asset value (NAV) went up 33%, to over PLN 2.4 billion (€498.5 million). The value of its investment properties also rose 33%, to more than PLN 4.5 billion (€958.2 million). Consolidated revenue improved 35% yoy, to €41.9 million, driven by an increase in the leased area and rental rates. Net rental income, on the other hand, rose 30% yoy, to PLN 145.6 million (€31.0 million). Operating profit rose 164%, to PLN 750.1 million (€160.0 million). In the first nine months of 2022, MLP Group generated PLN 526,1 million (€112.2 million) in net profit, a more than 2.6-fold improvement on the year before.
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