Key financials
Key financials
Income statement
| Year | Revenue from rental activity | Gross margin from operations | Profit (loss) from revaluation | Net finance cost (finance costs less finance income) | Profit (loss) for the period |
|---|---|---|---|---|---|
| 2025 | 202100000 | 129400000 | -147100000 | -86500000 | -154600000 |
| 2024 | 187500000 | 130500000 | -2200000 | -40100000 | 53100000 |
| 2023 | 183400000 | 128200000 | -56300000 | -33200000 | 12400000 |
| 2022 | 166600000 | 119200000 | -29400000 | -31700000 | 24800000 |
| 2021 | 172000000 | 127600000 | -12900000 | -43000000 | 42700000 |
| 2020 | 160100000 | 118600000 | -142700000 | -34900000 | -70900000 |
| 2019 | 169800000 | 127900000 | 16200000 | -34200000 | 75400000 |
Key
Cash flow
| Year | Net cash from (used) in operating activities | Net cash used in investing activities | Net cash from (used in) financing activities | FFO |
|---|---|---|---|---|
| 2025 | 75700000 | -221900000 | 199100000 | 33100000 |
| 2024 | 98000000 | -234500000 | 130000000 | 68000000 |
| 2023 | 95200000 | -108000000 | -42800000 | 65600000 |
| 2022 | 88100000 | -77700000 | 10800000 | 62600000 |
| 2021 | 106400000 | -366700000 | 84900000 | 71200000 |
| 2020 | 100300000 | -30200000 | 27700000 | 67000000 |
| 2019 | 101300000 | -9900000 | 7600000 | 74900000 |
Key
Statement of Financial Position
| Year | EPRA NAV | Total GAV | Net debt | Total Equity | Total assets |
|---|---|---|---|---|---|
| 2025 | 1124000000 | 2751000000 | 1568000000 | 1034400000 | 3268100000 |
| 2024 | 1283900000 | 2951100000 | 1556000000 | 1176300000 | 3223600000 |
| 2023 | 1231900000 | 2415000000 | 1189700000 | 1126200000 | 2656600000 |
| 2022 | 1273400000 | 2418300000 | 1103500000 | 1135600000 | 2669900000 |
| 2021 | 1271600000 | 2506800000 | 1315400000 | 1117000000 | 2843700000 |
| 2020 | 1112100000 | 2009500000 | 949200000 | 974100000 | 2480800000 |
| 2019 | 1199700000 | 2221000000 | 980900000 | 1058600000 | 2552700000 |
Key
Ratios
| Year | Net LTV | Gross margin | Average interest rate |
|---|---|---|---|
| 2025 | 57.5 | 64 | 4.56 |
| 2024 | 52.70 | 70 | 3.50 |
| 2023 | 49.30 | 70 | 2.50 |
| 2022 | 45.60 | 72 | 2.20 |
| 2021 | 52.50 | 74 | 2.20 |
| 2020 | 45.20 | 74 | 2.3 |
| 2019 | 44.2 | 75 | 2.60 |
Key
Investor contacts
Michał Kuzawiński Director of Investors Relations and Ownership Supervision