Noticeable reinforcement of profitability and operating performance was noted by Trade Estates during the first half of 2025, according to the consolidated financial results announced by the company.
According to Trade Estates, net profitability without the effect of adjusting the reasonable value of property investment stood at € 10.9 million, with a striking 58.3% rise compared to the corresponding period of 2024 (EUR 6.9 million).
At the same time, FFO funds (FFOs) amounted to EUR 9.9 million, increasing 36.8% compared to € 7.3 million in the first half of the previous year, boosting the company’s operational performance and confirming its steady development course.
In detail, the basic financial data:
- Total revenue amounted to EUR 25.0 million versus EUR 21.6 million (increased by 15.6%) compared to the first semester of 2024.
- Revenue revenue amounted to EUR 19.9 million versus EUR 17.8 million (increased by 11.7%) compared to the first half of 2024.
- Adapted pre -tax, interest and depreciation profits amounted to EUR 16.0 million versus EUR 14.1 million (increased by 13.8%) compared to the first half of 2024.
- Total assets of EUR 611.8 million on EUR 30.06.2025 versus EUR 605.1 million (1.1%increase) compared to December 31, 2024.
- The Gross Asset Value on EUR 30.06.2025 amounted to EUR 561.4 million versus EUR 541.5 million to 31.12.2024 (an increase of 3.7%).
- The Net Asset Value on June 30, 2025, amounted to EUR 313.4 million (€ 2.60 per share) compared to EUR 311.9 million (€ 2.59 per share), increasing 0.5% compared to December 31, 2024.
Important
- In the first half of 2025, consumer visits to Trade Estates commercial parks amounted to 10.3 million, recording an increase of 12.9% in the first half of the first semester, while total store sales amounted to € 235.3 million, up 11.4% compared to the same year and 4.6% in the same year and 4.6% of the same six -month semesters. (like-2-like).
- On February 4, 2025, the Fourlis Group successfully completed the mood through private positioning of 16% of Trade Estates AEAP’s share capital in a limited cycle of institutional investors, resulting in a reduction in the participation of the Fourlis Group below 50%. This development leads to the remuneration of Trade Estates from the financial results of the Fourlis Group, remaining 47.3%of its largest shareholder, followed by Autohellas Atee (12.88%), Latsco Hellenic Holdings (8.11%) 0.97% and free dispersion at 30.72%.
- The merger procedures for the subsidiaries “SUMMER OF THE SOLUTIONAL COMPANY, TOURIST ACTIVITIES AND PROPERTY ASSOCIATION” with a completion time horizon by the end of the year.
- Successfully completed in May 2025, the de-investment by SEVAS TEN DEVELOPMENT AND EXPERIENCE SA, owner of Spata Attica, through the sale of 50% of this shares owned by the company. As a result of the above transaction, the company recorded a profit from the sale of € 2.4 million.
Investment
In the field of commercial parks, the construction work of the Top Parks commercial park of Heraklion Crete, a total area of 14,000 sq.m. and budget of € 23.0 million. The investment was funded by bank lending and the participation of the recovery and durability Fund. In the field of logistics, the construction work of the International Logistics Center of Interikea are proceeding at an intensive pace and evolve on the basis of the project schedule, with an estimated partial delivery in the fourth quarter of 2025.
Mr. Dimitris Papoulis, chief executive of Trade Estates, said: “The strong results we announce for the first half of 2025 confirm the Guidance we have issued for the whole year 2025 at the regular General Meeting of the Company. The operating and financial costs contribute to the very positive financial results of the company as the addition of new commercial real estate to our portfolio, such as the PARKS Park of Heraklion, highlights the benefits of specialization due to its cooperatives. 2nd semester of 2025, with the completion of the construction of Interikea International Logistics Center and the complete restart of the construction of Hellenic Commercial Hub, which will be erected by the Top Parmeros commercial park that will house the Southern suburbs, including the company, Redefined the world trade map has decided to participate through the “Goldair Cargo – AKTOR Group of Companies – Trade Estates” in the tender for the promotion of a concessionaire for the project “Development, Licensing, Construction, Operation, Operation and Maintenance SA ”.