BriQ Properties reports significant earnings increase, declares €0.20 dividend for 2025

According to the REIC’s announcement, as of 31 December 2025, the company’s real estate portfolio comprised 51 properties with a total fair value of €282 million, compared to 57 properties valued at €285 million a year earlier. During the year, the company invested €7 million in new acquisitions, developments, and upgrades of its portfolio.

At the same time, it completed the sale of eight properties, generating total gains of €7.7 million. Of these, €3.6 million were recognized in the 2025 results, while the remaining €4.1 million had been recorded in previous financial years. These actions form part of the company’s portfolio restructuring strategy, aimed at unlocking value and reinvesting in higher-yield sectors, primarily through new developments.

In addition, the group recorded gains from the revaluation of investment properties at fair value amounting to €11 million, compared to €10.5 million in 2024.

Strong Growth in Revenues and Net Profit
Rental income increased by 38% to €21.6 million, from €15.7 million in 2024. Adjusted EBITDA rose by 34% to €17.5 million, while adjusted pre-tax profits increased by 44% to €12.5 million.

Net profit performance was even more impressive, rising by 55% to €11.5 million, compared to €7.4 million in the previous year. Adjusted net earnings per share reached €0.253, marking a 21% increase. Funds from operations (FFO) also recorded a particularly strong increase, more than doubling (+102%) to €11.1 million.

Net Asset Value (NAV) rose by 14% to €173.7 million, while NAV per share stood at €3.72, up 9%. At the same time, total borrowing decreased significantly to €101.9 million from €128.7 million, bringing the loan-to-value (LTV) ratio down to 36.2% from 45.2% in 2024. Net LTV declined to 34.6%.

It is noted that 97% of the company’s debt obligations now carry a fixed interest rate, through interest rate swaps and financing from the Recovery Fund. The total shareholder return for 2025, including share price appreciation and dividends, reached a notably high 48.4%.

Increased Dividend
The Board of Directors will propose to the Annual General Meeting on 28 April 2026 the distribution of a total dividend of €0.20 per share, increased by 48% compared to the previous year. Based on the closing share price on 30 March 2026 (€2.96), the dividend yield stands at 6.8%.

For 2026, the company has set as a strategic priority the implementation of its development program, with emphasis on projects in Aspropyrgos, Paros, and Metamorfosi, as well as the completion of the office building at 42 Poseidonos Avenue in Kallithea. Management estimates that revenues and operating profitability in the new financial year will remain at levels similar to those of 2025.