Colonial Real Estate has closed the first quarter of 2025 with a net recurring result of 55 million euros, 16% more compared to the same period of the year 2024, driven by a growth of its income, of the highest in the sector, which is located at a more 4% in comparable terms.
Your embargo, Its net benefit lows equally to 45.8 million. In this case, it includes extraordinary expenses in relation to the SFL and colonial fusion project, as well as other non -recurring impacts.
The results continue with the upward path of the growth of their income and results Thanks to a high occupation and the ability of your offer prime to capture the maximum market income both in renovations and in the new projects delivered and rehabilitations.
All these positive impacts have allowed to compensate for the reduction of temporary income due to the rehabilitation of two assets in Paris: the renewal program in Haussmann of 12,000m² and the Condorcet urban transformation project of more than 25,000m².
Colonial closes the first quarter of exercise 2025 with income for income of 97 million euros and net income (EBITDA income) of 84 million euros.
The income income of the group has grown +1% compared to the same period of the previous year and a +4% in comparable terms «Like for Like», demonstrating the strength of the Prime positioning of the colonial group.
As for theNet income of expenses (Ebitda income) growth has been +5% «Like for like» Combining the increase in income with assets efficiency improvements.
Juan José Brera, president of Colonial, He pointed out that «the company closes an excellent trimester by increasing the result by +16%. Our strategy in the» Prime Asset Class «allows us high growth in income, up to 7% above the average market average, which increase our recurring result, profitability and allows us to confirm the annual BPA objective in 2025».
Pere Viñolas, CEO of Colonial He explains: «With a view to the future, we continue with our new growth cycle through a portfolio of urban transformation projects of more than 100,000m2 and the new investment of € 200 m in Deeplabs, the leader of science & innovation leader.» Viñolas adds: «We continue to bet on new investments in the face of the recovery of the real estate cycle in Europe through urban regeneration opportunities, all in the framework of a solid capital structure as shown by the BB+ credit rating by S&P confirmed again in April of this year.»