CPI Europe Reports Strong Financial Growth and Stability in 2024

CPI Europe AG announced significant financial growth for the fiscal year 2024, showcasing increased revenue and a robust balance sheet. Rental income rose by 10.4% to €589.2 million, while asset management results increased by 17.0% to €489.6 million. Operating results saw a substantial rise of 43.3% to €408.7 million, resulting in a 20.2% increase in FFO 1 after tax to €274.5 million.

Net profit improved significantly to €133.5 million, fueled by stable property valuations and decreased financial losses. The real estate company's asset portfolio, valued at €7,983.6 million by year-end, marked an improvement in occupancy rates to 93.2%. Strategic property sales and acquisitions further optimized the portfolio.

CPI Europe's financial foundation remains solid with a 43.2% equity ratio and a net LTV of 46.4%. Cash reserves stood at €531.7 million, underscoring their financial stability. The company's strategic maneuvers and financial health indicate a promising outlook.