Q1 2018 HIGHLIGHTS:

  • Gross margin from rental activity up by 26% to €54m (€43m in H1 2017)
  • Profit after tax at €46m (€60m in H1 2017), earnings per share at €0.10
  • Profit after tax without revaluation increased 49% to €25m (€17m in H1 2017)
  • FFO I increased 35% to €29m (€21m in H1 2017), FFO I / share up to €0.06
  • In-place rent up 14% to €125m
  • EPRA NAV increased 4% to €1,120m (€1,073m as of 31 December 2017); EPRA NAV / share up to €2.32
  • Average interest rate down to 2.6% p.a. from 2.8% p.a. as of 31 December 2017
  • Interest cover at 4.0x
  • Net LTV at 45%

PORTFOLIO UPDATE:

  • Completion of the two buildings in Green Heart project (formerly GTC Square)
  • Refurbishment of the two buildings in Green Heart project (formerly GTC Square)
  • Completion of White House
  • Acquisition of Mall of Sofia and Sofia Tower
  • 4 projects under construction with 85,000 sq. m GLA
    to be completed in 2019
  • 3 projects with 90,000 sq. m to be commenced still
    in 2018
  • Strong asset management
    • Occupancy at 93% (93% in Q1 2018)
    • 85,000 sq. m of office and retail space newly leased and renewed in H1 2018

2018_H1_GTC_Wyniki finansowe_Informacja prasowa

2018_H1_GTC_Financial Results_Press release

Globe Trade Centre S.A.

17 Stycznia 45A, 02-146 Warsaw NIP: 527-00-25-113 T: +48 22 16 60 700 www.gtc.com.pl

GTC countries Bulgaria Croatia Hungary Poland Romania Serbia

Download GTC 2017 Annual Report GTC Logo

© 2018 Globe Trade Centre made by Esencja Studio