The Greek Deal.com
47.5% increase in net profits - €154.4 million in new investments | TheGreekDeal.com
TRASTOR
47.5% increase in net profits - €154.4 million in new investments
TIME TO READ
1 min

With impressive profit growth, dynamic expansion of its investment portfolio, and further extension into selected strategic sectors, Trastor REIC completed 2024 on a strong note.

With net profits amounting to €33.4 million compared to €22.6 million in 2023 (+47.5%) and new investments reaching €154.4 million, the Group strengthened its position in the "green" office and logistics sectors, building a portfolio valued at €670.5 million, as stated in the company's announcement.

Furthermore, the Group's operational profitability (adjusted EBITDA) rose to €21.5 million, an increase of 20% from 2023 (€17.9 million), while funds from operations (FFO) improved by 16.5% to €18.4 million.

The Group's rental income from investment properties showed a significant growth of 19.6%, amounting to €30.6 million compared to €25.5 million in 2023. This increase is attributed to the maturation of new investments in income properties and new leases as part of the upgrading of existing properties undertaken by the Company.

 

READ ALSO