BriQ Properties reports 55% increased revenue for the first semester of 2022

Adjusted earnings before taxes, interest and depreciation (EBITDA) in the first half of 2022 amounted to € 3,0 million compared to € 1,7 million in the corresponding period last year, while Adjusted net earnings after taxes amounted to € 2,4 million compared to € 1,3 million in the corresponding period last year, marking an increase of 90%. 

At the same time, the Group’s portfolio increased in value to € 130,7 million compared to € 122,0 million on 31.12.2021, showing an increase of 7%. 

During the first half of 2022, the Company made € 4,0 million investments in existing properties, while the profits from real estate value adjustments amounted to € 4,9 million. The distribution of the value of investment properties on 30.06.2022 by sector category of real estate was 48% in logistics, 28% in office buildings, 20% in hotels and 4% in other real estate categories.

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