Germany · Delayed Price · Currency is EUR CPI Property Group Earnings Call Transcripts
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 value rose for the first time since 2021, with improved occupancy and reduced costs. Disposals are on track to exceed €1 billion in 2025, while leverage and ICR are expected to improve. CEE real estate fundamentals remain strong, supporting positive outlook.
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.