Trade Estates REIC announces net profit of 24.0 million euros for 2022

Trade Estates REIC announces net profit of 24.0 million euros for 2022

  • Rental income €18.9m vs €6.7m (increase by 184.2%) compared to FY2021
  • Net Profit 24.0 million euros compared to 7.8 million euros compared to the fiscal year 2021 (increase by 207.8%)
  • Adjusted Earnings before Taxes, Interest and Depreciation (adjusted-EBITDA) 14.8 million euros compared to 5.9 million in 2021 (increased by 149.8%)
  • Total Assets 344.3 million euros compared to 248.0 million euros in December 31, 2021 (increased by of 38.8%)
  • Gross Asset Value (including long-term right of use of land and advances for investment properties) €303.6 million on 31 December 2022 vs €224.6 million on 31 December 2021 (up 35.2%)
  • Proposed Dividend per share for the year 2022 at 0.11 euros
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