H1 2024 FINANCIAL HIGHLIGHTS
- Revenues from rental activity up 3% to €93m in H1 2024 (€90m in H1 2023)
- Gross margin from rental activity up 4% to €65m in H1 2024 (€63m in H1 2023)
- FFO I at €36m in H1 2024 (€35m in H1 2023), FFO per share at €0.06
- EPRA NTA at €1,237m as of 30 June 2024 (€1,232m as of 31 December 2023)
- EPRA NTA per share at €2.15 (PLN 9.29)
- Net LTV at 48.2%¹ (49.3%¹ as of 31 December 2023); Net LTV adjusted for cash on escrow accounts at 46.9%
- Cash of €89m; cash on the escrow accounts of €31m
Notes: (1) Includes non-current financial assets
H1 2024 PORTFOLIO HIGHLIGHTS
- Occupancy at 86% as of 30 June 2024 (87% as of 31 December 2023)
- Leasing activity reached 62,800 sqm in H1 2024 (43,400 sqm in Q2 2024)
- Average weighted lease term at 3.4 yrs.
- Disposal of Lanchid revitalization project (non-core) in Budapest and acquisition of Elibre, senior living for rent project in Berlin, following the strategy announced in November 2023.
