CPI Property H1 net profit more than halves on lower rental income and valuation losses

Cpi Property SA

31/08/2026 17:32

Overview
Real estate landlord's H1 revenue fell 8.5% yr/yr, driven by property disposals
Net profit for H1 dropped 82% yr/yr due to lower rental income and valuation losses
Company completed EUR 542 mln in disposals and increased undrawn credit facility to EUR 500 mln

Outlook
Company did not provide specific guidance or outlook for the current or future periods

Result Drivers
PROPERTY DISPOSALS - Co said lower gross rental income and service charge income were driven by the Group's disposals
HOTEL SALES - Net hotel income decreased by 81.5% due to sale of Marriott hotels in Budapest and Vienna
VALUATION LOSSES - Net valuation loss of €34 mln relates to Dubai and UK assets, partially offset by gain on Czech residential portfolio

Company press release: ID:nEQ8X0CXma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 642 mln
 
H1 Net Income
 
EUR 34 mln
 
H1 Adjusted EBITDA
 
EUR 341 mln
 
H1 FFO
 
EUR 145 mln
 
H1 Net Income continuing operations
 
EUR 34.20 mln
 
H1 Operating Income
 
EUR 244.90 mln
 
H1 Pretax Profit
 
EUR 39.30 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.)