CPI Europe AG Starts 2025 Financial Year with Strong Performance

CPI Europe AG has kicked off the 2025 financial year with a solid performance. Despite a 2.9% year-on-year decline, rental income amounted to €139.0 million in the first quarter of 2025. This decrease is attributed to strategic property sales in 2024. Nonetheless, operations saw a slight 1.4% increase, reaching €105.7 million.

The company's net profit reached €47.5 million, with EBIT at €90.7 million. FFO 1 after tax stood at €57.1 million. Revaluations resulted in a negative €14.3 million, compared to -€9.9 million the previous year. The property portfolio includes 389 properties valued at €7,816.0 million, with an occupancy rate of 93.7%.

CPI Europe's financial base remains robust, with an equity ratio of 44.2% and a net LTV of 45.2%. The IFRS book value per share increased by 1.5%, and cash reserves total €619.9 million, with a significant portion of financial liabilities hedged against interest rate changes.