ORILINA PROPERTIES
Adjusted net profit up 12% in the first half of the year
Orilina Properties S.A. has recorded a steady upward trend, with an adjusted Net Profit of €11,153m for the first half of 2024.
Marios Apostolinas, CEO Orilina Properties
Orilina Properties S.A. has recorded a steady upward trend, with an adjusted Net Profit of €11,153m for the first half of 2024.
The six-month return on the Group's Enterprise Value ("EV") amounted to 10%. The development of the key financial figures in H1 2024 was as follows:
- Adjusted Net Profit after tax: €11,153k compared to €9,996k in the same period of the previous year.
(+12%): €9,996,996 (vs. €9,996,996 for the first six months of 2023) - Adjusted Net Earnings per Share*: €0.081
- Adjusted NAV per share*: €1.26 compared to €1.19 as of 31/12/2023 (+6.4%)
- Weighted average remaining lease term in years (WAULT): 3.8 vs. 2.8 as at 31 December 2006 (+6.4%).
- Gross Yield: 6.8%
- Net Debt to Property Value: -12.1%
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