reports
- Christiana Armpounioti
- Stamatios Draziotis CFA
Premia Properties | Built for growth, priced for caution
Growth acceleration on higher capex and capital increase firepower – Premia delivered solid H1’25 results, with gross rental income up +€8.2m yoy to €17.9mn and adj. EBITDA more than doubling to €11.2mn, reflecting the full-year contribution of 2024 property additions. Following the €40mn share capital increase in July, we have revised our forecasts to reflect the enlarged investment plan. For 2025e we now expect revenues of €35.1mn, adj. EBITDA of €23.3mn (+3% vs prior) and net income of €20.2m...
- Christiana Armpounioti
- Stamatios Draziotis CFA
Premia Properties | 2024 Delivers, 2025 Reloads
Upward revisions on 2024 delivery and ECB rates easing – Premia reported an 18% yoy increase in FY’24 revenue to €22.4m, driven by CPI-linked rental uplifts and incremental income from newly added assets. Annualized rental income now stands at c€30m, reflecting a gross yield >7% on income-producing assets. The company’s GAV reached c€498m, up 62% from c€307m in 2023, underscoring the successful execution of PP’s expansion strategy. Looking ahead, we have revised our estimates to reflect the comb...
- 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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