Financial Overview: CPI PROPERTY GROUP Releases 2025 Results

CPI Property Group S.A. unveiled its audited financial outcomes for 2025, reflecting a year marked by effective property management and strategic disposals. The property portfolio valued at €18 billion saw a net revaluation gain of €201 million. Total assets stood at €20.2 billion, with EPRA NRV climbing to €6.5 billion.

Throughout 2025, like-for-like rental growth reached 3.1%, although net rental income fell to €763 million due to asset disposals. The company's focus on cost discipline resulted in a nearly 5% reduction in administrative expenses. Consolidated adjusted EBITDA settled at €703 million, while FFO1 was €275 million.

Occupancy improved to 93.3%, aided by increased office and retail occupancy. The group optimized its financial structure, with net LTV declining to 49.5% and a revolving credit facility expanded to €450 million, ensuring total liquidity of €1.5 billion. The group's strategic asset rotation is anticipated to exceed its 2026 disposal target.