on GSG GROUP S.A. (ETR:O5G)
CPI PROPERTY GROUP Reports First Half 2025 Financial Results
CPI Property Group S.A. announced its unaudited financial outcomes for the first half of 2025, revealing a solid performance. The Group's total assets stood at €20.3 billion with an EPRA NRV of €6.5 billion. The property portfolio decreased slightly to €17.8 billion due to disposals, while investments and valuation increases partially offset this.
The Group completed disposals totaling €650 million, with ongoing plans exceeding €2 billion. Like-for-like rents rose by 2.6%, resulting in a net rental income of €394 million. Consolidated adjusted EBITDA was €366 million, while FFO1 reached €169 million.
CPIPG's Net LTV decreased to 49.4%, and available liquidity was €1.6 billion, securing bond and debt maturities. In July, a €500 million green bond was issued. The Group signed a LOI for the sale of shares in CPI BYTY a.s., with a portfolio valuation of €891.6 million.
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