The Group achieved an increase in its financial performance metrics compared to the respective last year period, in particular:
On March 31st, 2021, Group's portfolio consisted of 29 properties with total value of € 109.125 thousand compared to 28 properties with total value of €106.001 thousand on 31.12.2010 and 25 properties with total value of € 68.183 on 31.03.2020. During the first quarter of 2021, acquired a new property for € 2.122 thousand and implemented capital expenditures of € 1.002 thousand, mainly related to construction of a warehouse and distribution building of 20.764 sq.m. in Aspropyrgos, Attica.
Adjusted EBITDA (Earnings before interest, taxes, depreciation & amortization) increased by 8,3% to € 686 thousand compared to € 633 for the respective last year period.
Adjusted EBT(Earnings before taxes) increased by 34,5% to € 535 thousand compared to € 397 for the respective last year period. Adjusted Net Earnings after taxes increased by 35,7% to € 507 thousand compared to € 374 for the respective last year period. The total reduction on Group's revenues for the first quarter of 2021from rents due to the Covid-19 pandemic amounted to € 633 thousand. Cash and cash equivalents on March 31, 2021, amounted to € 2.628 thousand compared to € 2.067 thousand on December 31, 2020.
As of December 31, 2020, the Group's loan obligations amounted to € 22.222 thousand compared to € 18.313 thousand as of December 31, 2020.The Company on March 31, 2021 held a total of 358.618 own shares valued at 753 thousand with an acquisition value of € 624 thousand. The own shares held correspond to 1,00% of the Company's share capital.
