This increase is due to the integration of
revenues from new investments, mainly in the logistics sector.
The Group's rental income for the year 2021 includes a reduction of € 877 thousand due to the measures for Covid-19, compared to a corresponding reduction of € 954 thousand in the year 2020.
The value of the real estate portfolio on 31.12.2021 is distributed by category of real estate as
follows: 49% in logistics, 29% in offices, 17% in hotels and 5% in other properties.
- During the year 2021, the Group recorded an increase in all its financial figures.
- On December 31st, 2021, Group's portfolio consisted of 27 properties, with total value of € 122.017 thousand compared to 28 properties with total value of € 106.186 thousand on 31.12.2020, (15% increase in value).
- The Group implemented investments of € 12.328 thousand, which included € 7.381 thousand investments in the logistics sector, € 3.234 thousand in the office sector and € 1.455 thousand in the hotel sector.
- Profits from the revaluation on fair value of investments in property amounted to € 4.431 thousand, compared to € 416 thousand in the year 2021. From € 4.431 thousand, an amount of € 2.611 thousand concerns the logistics sector.
- Adjusted(1)(2) EBITDA (Earnings before interest, taxes, depreciation & amortization) increased by 87% to € 4.209 thousand for the year 2021 compared to € 2.249 for the year 2020.
- Adjusted(1) EBT (Earnings before taxes) increased by 129% to € 3.993 thousand for the year 2021 compared to € 1.742 for the year 2020.
- Adjusted(1) Net Earnings after taxes increased by 134% to € 3.865 thousand for the year 2021 compared to € 1.654 for the year 2020.
- The Total equity corresponding to shareholders of the Company (NAV) on December 31, 2021, amounted to € 89.259 thousand, i.e. € 2,52 per share, compared to € 2,37 per share on 31.12. 2020 showing an increase of 6,3%.
