Trastor announces a significant increase in the Group’s net profits, which for the year 2021 amounted to € 23.0 million compared to € 3.1 million for 2020.
The Group’s profits before taxes, interest, depreciation, and gains on revaluation of investment properties in 2021 amounted to € 12.6 million compared to € 7.7 million in 2020, showing a significant increase of 63.6%.
Excluding the profits from the revaluation of investment properties at fair values, the Group’s net adjusted profits in 2021 amounted to € 6.1 million compared to € 2.0 million in the previous year.
Also, a significant increase of 38.7% was presented by the Group’s revenues from rents which amounted to € 18.14 million compared to € 13.08 million for the year 2020. The measures taken by the Greek government to deal with the pandemic of Covid-19 reduced the Group’s revenues by € 1.5 million, ie 7.6% of its annual revenues.
In the year 2021 the Group acquired three (3) properties while it also bought the remaining 20% on a property of which it already owned 80%. Furthermore, the Company acquired 100% of the company shares with a privately owned property in Aspropyrgos, Attica. He also sold 10 properties, with
As a result, on December 31, 2021, the Group has a total of 59 investment properties, of high quality and with a total area of 220.2 thousand sq.m., against a total area of 209.6 thousand sq.m. during the corresponding period of 2020.
The investment portfolio of the Group on December 31, 2021 amounted to € 324.9 million compared to € 301.6 million on December 31, 2020.
The cash of the Group on December 31, 2021 amounted to € 23.9 million compared to € 17.6 million in the corresponding period last year.
The Internal Value (NAV) of the Group on December 31, 2021 amounted to € 181.1 million or € 1,201 per share compared to € 1,056 per share last year, showing an increase of 13.7%.
Source: Capital
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