PREMIA reports €706.5M portfolio and 49% rise in EBITDA for Q1 2026

PREMIA Properties reported continued portfolio expansion, improved financial performance, and sustained execution of its investment programme in the first quarter of 2026, while management maintains a positive outlook for the full year.

The company’s portfolio now comprises 74 properties with a total surface area of 562,000 sq.m., while total investment value stands at €706.5 million. PREMIA maintains strong portfolio diversification and solid performance metrics, with a gross yield of income-generating properties reaching 7.1% and a weighted average unexpired lease term (WAULT) of 10 years as of 31 March 2026.

Continued investment activity and active portfolio management

During Q1 2026, PREMIA continued implementing its investment programme, focusing both on the utilisation of recently acquired assets and the active management of its portfolio. Investments in existing properties — mainly student housing assets — amounted to €11 million during the quarter.

At the same time, the company completed the acquisition of two hotel units in Kos, further strengthening its presence in the tourism sector. Over the same period, PREMIA sold a logistics property in Thessaloniki for €17 million and a commercial property in Voula for €1 million, generating total gains of €1.2 million from these transactions.

Strengthening of capital structure

The Group’s equity stood at €281 million, while net debt reached €428 million. Total assets amounted to €756 million.

Following a successful €40 million share capital increase completed in July 2025, PREMIA issued a €150 million seven-year bond in April 2026, further enhancing liquidity and financial flexibility. Management stated that these actions confirm investor confidence in the company’s business plan and support its continued growth trajectory.

Revenue and profitability growth

At operating level, consolidated revenues increased by 35% year-on-year, while adjusted EBITDA rose by 49%. Profit before tax increased by 16%, driven mainly by stronger operating performance, while adjusted pre-tax profits (excluding fair value adjustments) rose by 72%, supported by both operational improvements and gains from property disposals.

Outlook for 2026

The company’s management stated that a key priority for 2026 remains the consistent execution of its business plan, with emphasis on sectors where it already has a strong presence, such as hotels and student housing. PREMIA continues to focus on building an income-generating property portfolio, while selectively exploring redevelopment projects aimed at achieving higher returns and capital gains.

For 2026 as a whole, the company expects consolidated revenues between €42 million and €43 million, with adjusted EBITDA projected in the range of €29 million to €30 million. A dividend of €0.06 per share is also scheduled for approval at the Annual General Meeting on 27 May.

Management noted that it is closely monitoring macroeconomic and geopolitical developments in order to adjust its strategy when necessary.