BriQ Properties reports 55% increased revenue for the first semester of 2022
The Group's portfolio increased in value to € 130,7 million compared to € 122,0 million on 31.12.2021.
BriQ Properties R.E.I.C. announced that according to the consolidated financial statements for first semester of 2022, the rental income of the Group amounted to € 4,0 million compared to € 2,6 million for the respective last year period, recording an increase of 55%, due to the integration of revenues from the investments in logistics and due to the decrease in the comparative revenues of the 1st half of 2021 due to the mandatory rent reductions due to measures against Covid-19.
Adjusted earnings before taxes, interest and depreciation (EBITDA) in the first half of 2022
amounted to € 3,0 million compared to € 1,7 million in the corresponding period last year, while
Adjusted net earnings after taxes amounted to € 2,4 million compared to € 1,3 million in the
corresponding period last year, marking an increase of 90%.
At the same time, the Group's portfolio increased in value to € 130,7 million compared to € 122,0 million on 31.12.2021, showing an increase of 7%.
During the first half of 2022, the Company made € 4,0 million investments in existing properties,
while the profits from real estate value adjustments amounted to € 4,9 million. The distribution of
the value of investment properties on 30.06.2022 by sector category of real estate was 48% in
logistics, 28% in office buildings, 20% in hotels and 4% in other real estate categories.