reports
- Andreas Souvleros
- CFA
- Stamatios Draziotis CFA
Premia Properties | Scaling growth, managing leverage
2024 additions boost rental income and further diversify the portfolio – PP delivered a 13% yoy revenue increase in 9M’24 to €15.7mn, with annualized rental income at c€22.7mn (EEe), reflecting a >7% gross yield (income-producing). Surging revenues powered a 36% yoy leap in adjusted EBITDA to €10.4mn. This growth was fueled mainly by CPI indexation and incremental rents by the expanded portfolio which has now reached €351mn (+21% yoy). The portfolio is now strategically weighted across key secto...
- Andreas Souvleros
- CFA
- Stamatios Draziotis CFA
Premia Properties | Premia Potential: Expanding and Yielding - initiat...
High yield, diversified RE portfolio – Premia Properties (PP) is one of the largest real estate investment companies (REICs) in Greece featuring a €307m portfolio and annualized rental income of c€23m, translating to a 7.6% yield on income-generating assets. PP’s portfolio is quite diversified, comprising Logistics/lndustrials (75% of annualized rental), Serviced apartments (11%), Social Infrastructure/Schools (8%) and Big boxes (6%). Its properties boast top-notch tenants and high occupancy (c9...
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