Austria's CPI Europe Q1 net profit more than doubles

CPI Europe AG

28/05/2026 17:12

Overview
Austria real estate firm's Q1 rental income rose 4.4% yr/yr
Q1 EBIT increased 53% yr/yr; net profit more than doubled
Company cites portfolio acquisition and positive property revaluations for profit growth

Outlook
CPI Europe plans to focus on optimizing its standing investment portfolio in 2026
Company aims to expand its retail park portfolio and integrate Czech residential assets
CPI Europe will continue selling properties not compatible with its portfolio strategy

Result Drivers
PORTFOLIO ACQUISITION - Rental income growth was mainly driven by the acquisition of the Czech residential portfolio CPI BYTY in November 2025
LIKE-FOR-LIKE RENTAL GROWTH - Like-for-like rental income increased by 2.3%
PROPERTY REVALUATIONS - Positive revaluations of standing investments, properties under development and property sales contributed €38.2 mln

Company press release: ID:nEQ4SKmdda

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Rental Income
 
EUR 145.2 mln
 
Q1 Net Income
 
EUR 105.5 mln
 
Q1 EBIT
 
EUR 138.8 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy"
Wall Street's median 12-month price target for CPI Europe AG is €20.50, about 35.4% above its May 27 closing price of €15.14
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)