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CPI Property Group Reports Q1 2025 Financial Results
CPI Property Group S.A. has released its unaudited financial results for Q1 2025, highlighting stable assets and proactive disposal strategies. Total assets reached €20.4 billion, with EPRA NRV stable at €6.4 billion. The property portfolio was valued at €17.8 billion, a slight dip from the 2024 year-end due to ongoing asset disposals offset by capital expenditures.
The group completed €231 million in property sales, alongside formal closure of €267 million more, impacting leverage during the quarter. Net LTV was recorded at 50.9%, adjusting to 49.9% post-Q1 disposals. Rental income rose by 1%, with net rental income hitting €196 million.
Cost efficiencies are evident, with administrative expenses down by over 10%. Occupancy remains robust at 92%, supported by sustained interest from investors in European real estate. CPIPG also maintains a focus on sustainability with recently validated enhanced GHG reduction targets.
R. H.
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