Premia reports 21% jump in revenue in 1H2026

As of June 30, 2026, PREMIA managed 78 properties with a total area of ​​575,000 sq.m., and the total value of its investments stood at €755.3 million—a 9% increase compared to the end of 2025.

At the same time, the portfolio maintains strong operational characteristics; the gross yield of income-generating properties stands at 7.1%, while the weighted average unexpired lease term (WAULT) is 10.1 years.

21% rise in revenue, +34% in Adjusted EBITDA

On a consolidated basis, PREMIA’s revenue increased by 21% compared to the first half of 2025, while operating profitability—as reflected in Adjusted EBITDA—rose by 34%. Rental income from investment properties reached €18.8 million, marking a 23% year-on-year increase. Hotels made a significant contribution to performance, with related revenues rising by 63%, as did student housing, where the increase reached 42%. Funds from operations (FFO) rose by 15% to €4.7 million.

Conversely, profit after tax fell to €7.1 million, down from €9.3 million in the same period of the previous year. This result is attributed primarily to lower gains from the revaluation of investment properties—which stood at €2.1 million compared to €4 million the previous year—as well as to increased financial expenses associated with portfolio expansion.

Focus on hotels and student housing

PREMIA continues to expand its investment portfolio, with the hotel sector playing an increasingly important role in its strategy.

The acquisition of two hotel properties in Kos was completed in early 2026, while a strategic investment in Akti Hotels & Resorts was announced in June.

This investment comprises the Akti Imperial, Akti Beach Club, and Akti Palace hotel properties—located in Rhodes and Kos—with a total capacity of 1,316 rooms. At the same time, the expansion of the student housing portfolio is accelerating. Properties in Xanthi, Volos, Patras, Rhodes, and Athens (Kaisariani) are being gradually integrated into the Group’s portfolio by the end of the year, adding 370 rooms and bringing the total number of rooms under management to 765.

As part of its active portfolio management, PREMIA also completed the sale of a logistics property in Thessaloniki for €17 million, as well as a commercial property in Voula for €1 million.

New €150 million bond and 62% Net LTV

PREMIA also maintains access to financing for the implementation of its investment plan. The Group’s equity stood at €278.5 million, net debt at €467 million, and total assets at €783.7 million.

The Net LTV ratio rose to 62%, compared to 57% at the end of 2025, largely reflecting the expansion of the portfolio. In April, the company issued a €150 million tradable bond loan, using the proceeds to refinance an existing €100 million bond while raising an additional €50 million for growth purposes.

At the same time, the company continued to utilize financing instruments available through the Recovery and Resilience Facility. Its capital structure is further strengthened by ICAP CRIF maintaining PREMIA’s “AA” rating for the second consecutive year, placing the company in the very low credit risk category.

Borrowing cost of 3.8% – 61% fixed or hedged

Despite the increase in borrowing, PREMIA maintains a disciplined financing profile. As of June 30, 2026, the Group’s average borrowing cost stood at 3.8%, while the weighted average loan maturity was 7.8 years.

In total, 61% of the outstanding debt carried a fixed or hedged interest rate. Of this total, 31% relates to the tradable corporate bond loan, 13% to fixed-rate loan agreements, 11% to loan agreements hedged via derivatives, and 6% to financing under the Recovery and Resilience Facility (RRF).

Revenue target of €42–43 million for 2026 remains unchanged.
For the second half of the year, PREMIA’s priority remains the continued implementation of its business plan, with a particular focus on finalizing the strategic investment in AKTI HOTELS & Resorts.

The investment is expected to significantly strengthen PREMIA’s presence in the hotel sector and contribute substantially to the Group’s results from 2027 onwards.

The strategic focus remains centered on hotels and student housing, while income-generating properties continue to be a priority. At the same time, the company is selectively considering participation in development or redevelopment projects, aiming to achieve higher yields and capital appreciation.

For the total 2026, management maintains its forecast for consolidated revenues of between €42 million and €43 million and Adjusted EBITDA of between €29 million and €30 million.

PREMIA is expected to continue its growth trajectory, with the completion of new investments gradually boosting financial results; at the same time, management is focusing on securing the necessary resources and maintaining disciplined debt management within an environment still characterized by geopolitical and financial uncertainty.