Overview
Greece-based real estate investor's H2 NAV falls 2% to €108.8 mln
Company progressing with asset sales; capital return to shareholders expected after tax clearances
Outlook
Company expects first capital return to shareholders after further asset sale cash receipts
Result Drivers
ASSET SALES - Co said results were shaped by progress on asset sales, including Aristo Developers and Apollo Heights, with proceeds improving liquidity but pending tax clearances
GEOPOLITICAL IMPACT - Co said regional conflicts, including the Iran war and Cyprus drone strike, slowed investor activity and asset sale processes
COST REDUCTION - Co implemented a structured cost reduction programme to lower recurring expenses and streamline operations
Company press release: ID:nRSd6734Ya
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
-EUR 2.50 mln
FY Net Asset Value
EUR 108.80 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.)