Following the respective communication from the Hellenic Capital Market Commission regarding the publication of key financial information, based on unaudited consolidated financial data of Trastor R.E.I.C. (herein the “Company”) during the 3rd quarter of 2022 and the developments on its operations, the following financial information is announced.
For the Q3 period of 2022, the Company achieved an increase of 26% in rental revenue which amounted to €5.6 million compared to €4.5 million for the corresponding period of 2021. Earnings before interest and taxes (EBIT) increased by 6% for the Q3 2022 period, which amounted to €4.5 million compared to €4.2 million for the corresponding period of 2021.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased also by 6% during the Q3 period of 2022, which amounted to €4.5 million compared to €4.3 million for the corresponding period of 2021.
Earnings before interest, taxes, depreciation, amortization, fair value adjustment of investments, profit from disposal of investment property, and provision for asset impairment (Adjusted EBITDA), increased by 23% during the Q3 period of 2022, and amounted to €4.4 million compared to €3.6 million for the corresponding period of 2021.
For the 9-month period of 2022, the Company achieved a significant increase of 25% in rental revenue which amounted to €15.7 million compared to €12.6 million for the corresponding period of 2021. Earnings before interest and taxes (EBIT) increased by 73% for the 9-month period of 2022, which amounted to €28.2 million compared to €16.3 million for the corresponding period of 2021.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 72% during the 9-month period of 2022, which amounted to €28.3 million compared to €16.5 million for the corresponding period of 2021.
Earnings before interest, taxes,
depreciation, amortization, fair value adjustment of investments, profit from disposal of investment property,
and provision for asset impairment (Adjusted EBITDA), increased by 25% during the 9 months of 2022, and
amounted to €9.6 million compared to €7.7 million for the corresponding period of 2021.
As of September 30th, 2022, Trastor’s portfolio comprised of 57 high-profile properties strategically located
throughout Greece, with total value of €385.6 million (including the fair value gains as of June 30th, 2022),
compared to December 31st, 2021, where the corresponding value was at €324.9 million.
