CBo Territoria 2024 Annual Results: Property Investment Strategy Triumph

CBo Territoria reported a robust performance in 2024, marked by a 21.2% growth in net recurring income from property investments, reaching €15.1 million. The group achieved a 6.4% rise in total net rental income, notably with an 8.1% increase in commercial property income. The company's property development segment, however, experienced a 33.8% decline in revenue to €38.5 million, due to a change in product mix and absence of commercial property development.

The group's net income rose by 3.3% to €14.6 million, supported by strong financial management, and a secure, long-term debt profile. Despite the challenges, CBo Territoria maintained a solid financial position, reporting a net asset value of €245.6 million, with plans for a stable €0.24 dividend per share in 2024.