ARTICLES LABELLED WITH TAG financial report

GTC’s adjusted EBITDA was at €101 million in 2022 (€113 million in 2021), while the net profit amounted to €25 million (€43 million in 2021). This mainly resulted from lower gross margin from operations, higher loss from revaluation and foreign exchange loss, partially offset by lower finance costs.

P3 Group has announced record operational results and strong financials for the full year 2022. The European investor and developer of warehouse properties increased Gross Asset Value to €8.3 billion, only modestly impacted by a 2.3% valuation decline. Operationally, the company’s portfolio grew to 7.6 million sqm across 11 European countries, registering an all-time high occupancy rate of 98%.

In the year 2022, CPI Property Group became one of Europe's largest landlords. The CPIPG portfolio reached €20.9 billion, about €7.8 billion more than the year before due to several consolidations. Consolidated adjusted EBITDA was €608 million, while FFO1 was €355 million.

Immofinanz Group delivered very good operating performance in 2022 in spite of the challenging environment. Sustainable FFO 1 from the standing investment business rose by 21.7%. Rental income increased by 5.4% to €300.2 million and the results of asset management by 7.2% to €226.1 million. The Group also has a very solid capital base with an equity ratio of 47.9% and conservative debt with a net LTV of 40.7%.

MLP Group has published its 2022 performance figures. The Group’s Net Assets Value (NAV) went up 37%, to just under PLN 2.5 billion (€532.6 million). The value of its investment properties rose 31%, to more than PLN 4.4 billion (€945 million). Consolidated revenue improved 39% yoy, to PLN 279.1 million (€59.5 million), driven by an increase in leased area combined with higher rental rates. Rental income from investment properties increased by 31%, to PLN 152.9 million. At the same time, the Group’s EBITDA (without revaluation of investment properties) improved by 47%, to PLN 135.1 million (€28.8 million). Last year, MLP Group earned PLN 422.4 million (€90.1 million) in net profit.

In 2022, KGAL’s new business volume reached almost €1.9 billion across all asset classes. The renewable energy funds exceeded their return targets by approximately 100 percent on average, the impact residential real estate fund, KGAL Core 5 LIFE, got off to a strong start and the aviation team took advantage of the industry’s comeback, securing 16 aircraft operating leases. KGAL also made a number of important internal decisions within the company, further providing for a successful future.

Handing over 1,650 apartments for sale and rent to customers, maintaining 100% of the lease level in all completed Resi4Rent buildings, increasing the turnover of Libero in Katowice and Galeria Młociny in Warsaw – this is a summary of the Echo-Archicom Group's operating activities in three quarters of 2022. During this time, the Group generated PLN 125 million in net profit.

In Q1-Q3 2022, CA Immo was able to increase its recurring earnings (FFO I) by 2.4% year-on-year to €102.5 million in the third quarter. Rental income rose by 2.5% to €158.1 million in the first nine months. The recent portfolio expansions and higher rental income from investment properties thus more than offset the effects from portfolio sales. Consolidated net income rose by 40% to €267.5 million, driven among other things by a strong revaluation result (Q1-Q3 2021: €180.4 million). The positive development in the third quarter was mainly due to the good letting business and the takeover of two project completions into the own portfolio. Following the strong first nine months, CA Immo confirms its earnings forecast for 2022 and expects recurring earnings (FFO I) of more than €125 million.

In the first three quarters of 2022, Immofinanz’s rental income reached a high €216.9 million, the results of asset management improved by 3.2% to €168.4 million, and sustainable FFO 1 from the standing investment business (including the S Immo dividend) rose by more than 15% to €115.9 million. Net profit equalled €248.6 million.

Rent indexation shall provide for further FFO increase, while low interest cost and improved maturity profile offer downside protection, says GTC.