ICI REIC investment portfolio amounts to € 111.2M

The value of the REIC’s investment portfolio amounts to € 111.2 mill, aiming to a further significant increase by the end of 2023. 

On 30.06.2022 the Entity owned a total of 34 properties – mainly shops and offices – with a total surface of 52,936 sq.m. 

The main economic figures during the first semester, compared to the first semester of the last year, are as follows: 

1. The total income based on lease agreements amounted to € 4.37mill versus € 3.69mill in the corresponding period last year (increase of 18.53%), including the contractually agreed annual adjustments.

2. The fair value losses amounted to € 0.49 mill compared to fair value losses of € 0.13 mill in the corresponding period last year, including additions and improvements of € 0.28 mill in 2022. 

3. Operating profit amounted to € 2.58 mill versus € 2.64 mill of the corresponding period last year. 

4. Profits before taxes amounted to € 2.10 mill versus € 2.11 mill of the corresponding period last year. 

5. Net profit after taxes amounted to € 2.04 mill compared to € 2.06 mill in the corresponding period last year. 

6. The investment tax amounted to € 58 k versus € 48 k due to the purchase of two properties of total value € 20.73 mill in 2021.

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