CPI Property Group Q1 revenue falls on property disposals

Cpi Property SA

29/05/2026 19:00

Overview
Real state platform's Q1 revenue fell 10% yr/yr, mainly due to property disposals
Q1 adjusted EBITDA declined 6% as net rental income slipped on asset sales
Net profit for the period more than doubled, aided by net valuation gain and improved financial result

Outlook
Company targets €500–750 mln of asset disposals in 2026
CPIPG continues to prioritize sales of non-income generating or low-yielding assets

Result Drivers
PROPERTY DISPOSALS - Lower gross rental and service charge income, as well as declines in net rental income and adjusted EBITDA, were mainly due to asset disposals
HOTEL SALES - Net hotel income decreased by 72% due to the disposal of the Marriott hotels in Budapest and Vienna
VALUATION AND FINANCIAL GAINS - Net profit rose due to a €13.7 mln net valuation gain on assets held for sale and a €9.5 mln other financial gain, mainly from foreign exchange and derivatives

Company press release: ID:nEQ5PQ7CHa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
EUR 326 mln
 
Q1 Net Income
 
EUR 84 mln
 
Q1 Adjusted EBITDA
 
EUR 171 mln
 
Q1 FFO
 
EUR 77 mln
 
Q1 Net Income continuing operations
 
EUR 83.70 mln
 
Q1 Operating Income
 
EUR 156.80 mln
 
Q1 Pretax Profit
 
EUR 101.40 mln

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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.)