CPI Property Group Unveils 2023 Financial Results

• CPI Property Group publishes financial results for 2023 - Total assets were €21.9 billion, EPRA NRV was €7 billion - Group signed €2 billion of disposals since August 2022 - Net rental income increased by 25.9% to €796 million - Consolidated adjusted EBITDA was €778 million, FFO1 increased to €390 million - Net Loan-to-Value (LTV) was 52.3% at year-end 2023, Net Debt reduced by over €400 million
• Hotel net income increased by 66% to €76 million - Group raised over €2.5 billion of secured and unsecured external financing in 2023 - Total available liquidity was €1.4 billion as of 31 December 2023 - CPIPG aims to repay full bridge debt by the end of H1 2024 - CPIPG is in advanced negotiations for potential equity investments - CPIPG is reviewing policies regarding distributions and related party transactions - CPIPG will host a webcast on April 8, 2024, to discuss financial results for 2023.

The next important date, Quarterly report, at CPI PROPERTY GROUP is on 29.03.2024.

CPI PROPERTY GROUP

0,00 %

-7,06 %

-12,73 %

-14,32 %

-12,73 %

+16,67 %

+22,82 %

+64,50 %

-83,55 %

ISIN:LU0251710041WKN:A0JL4D

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