Trade Estates recorded a 65.6% jump in revenues to €30.26 million, adjusted EBITDA up 60.6% to €28.78 million, and a 55% increase in profit after tax to €9.18 million in the first nine months of the year.

Cash and cash equivalents stood at €15.9 million. Rental income amounted to €26.9 million compared to €16.5 million in the same period last year. The company will pay an interim dividend for the fiscal year 2024 of a total net amount of 0.047706 per share.

Key Financial Data of Trade Estates

• Total revenues amounted to EUR 30.3 million compared to EUR 18.3 million (increased by 65.6%) compared to the nine-month period
• Rental income amounted to EUR 26.9 million compared to EUR 16.5 million (up 62.8%) compared to the first nine months
• Adjusted Earnings before Interest, Taxes, Depreciation and Amortisation (Adjusted EBITDA) amounted to EUR 20.8 million compared to EUR 12.9 million (increased by 60.6%) compared to Nine Months
• Net Profit, excluding gains from the revaluation of the fair value of real estate investments, amounted to EUR 9.2 million compared to EUR 5.9 million (increased by 55%) compared to the Nine Months
• Funds from operations amounted to EUR 10.7 million compared to EUR 6.5 million (increased by 65.1%) compared to Nine Months 2023.
• Total Assets: EUR 571.7 million as of 09.2024 compared to EUR 543.8 million (increased by 5.1%) compared to 31 December 2023.
• Investments in real estate (excluding land use rights and advances on investment properties) as of 30.09.2024 amounted to EUR 497.9 million compared to EUR 477.1 million as of 12.2023 (an increase of 4.4%).
• The internal book value (Net Asset Value) as of September 30, 2024, amounted to EUR 303.1 million (€2.52 per share) compared to EUR 298.4 million (€2.48 per share), an increase of 1.4% compared to December 31