Germany · Delayed Price · Currency is EUR CPI Property Group Earnings Call Transcripts
Fiscal Year 2026
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Liquidity remains robust at EUR 1.6 billion, with gross debt reduced and no bond issuance planned for 2026. Disposals exceeded EUR 542 million, supporting leverage reduction, while segment performance was strong in retail and residential. ESG progress was recognized with an MSCI upgrade and a new Green Bond issuance.
Fiscal Year 2025
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2025 saw strong operational performance, high occupancy, and successful disposals, with a focus on deleveraging and asset rotation. Key financial metrics improved, though ICR remains below target. ESG goals were fully met, and the outlook is positive for 2026 and beyond.
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Portfolio valuation increased for the first time since 2021, with strong progress on disposals, deleveraging, and cost reduction. Like-for-like rental growth was positive across all segments, and liquidity remains robust. ICR and leverage are expected to improve further.
Fiscal Year 2024
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Strong operational and financial performance in 2024, with EUR 1.6 billion in disposals, reduced leverage, and robust office and retail segments. Focus remains on further disposals, restoring investment-grade rating, and improving ICR, while maintaining a diversified, high-quality portfolio.
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Portfolio value reached EUR 18.6 billion with LTV down to 50% and strong liquidity coverage. Disposals and new equity strengthened the balance sheet, while governance and structural simplification efforts continue. CEE markets remain robust, with further deleveraging planned.