Luxembourg's CPI Property Group returns to profit in 2025 on positive property revaluations

Cpi Property SA

31/03/2026 19:32

Overview

Luxembourg landlord's 2025 revenue fell 12%, reflecting property and hotel disposals

FY net income rebounded to profit, aided by positive revaluation gains and improved occupancy

Adjusted EBITDA and FFO declined, reflecting asset rotation and reinvestment

Outlook

CPI Property Group targets €500-€750 mln in disposals for 2026

Company expects disposal activity to accelerate in Q2 2026

Over €550 mln of disposals are under LOI or in advanced due diligence for 2026

Result Drivers

PROPERTY AND HOTEL DISPOSALS - Lower gross and net rental income was mainly due to disposals of property and hotel assets

OCCUPANCY GAINS - Occupancy improved to 93.3%, supported by higher office and retail occupancy

HOTEL PORTFOLIO SALES - Net hotel income fell 52% due to deconsolidation and sale of hotel assets

Company press release: ID:nEQ2KSpzna

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
EUR 1.43 bln
FY Net Income
EUR 254 mln
FY Adjusted EBITDA
EUR 703 mln
FY FFO
EUR 275 mln
FY Net Income continuing operations
EUR 253.70 mln
FY Operating Income
EUR 813.40 mln
FY Pretax Profit
EUR 311.50 mln


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)