WOOD Flash – ONE United Properties: FY23 – ramping up, with almost 1k units sold in 2023
ONE United Properties (ONE) has quickly become a household name in Romania, and we believe that its projects include some of the most sought-after addresses in the city. The speed of the ramping up of its operations delivered by the team is impressive, and the volume of sales closed in 2023 exceeded our expectations. That said, against the backdrop of the softer gross profit margin (albeit to still very solid levels of 25-30%) and the fairly low yield generated by the standing assets, the valuation of the stock remains demanding, in our view.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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