Premia Properties Reports 79% Revenue Increase in Q1 2025

Premia Properties has reported a significant increase in its financial performance for the first quarter of 2025. The company’s revenue surged by 79%, while its operating profit (Adjusted EBITDA) jumped by 109% compared to the same period last year. According to the company’s official announcement, net debt stands at €308 million. The group manages 68 properties and 494,000 square meters of buildings with a total investment value of €526.5 million, marking a 6% increase from the end of 2024. The company boasts a diversified portfolio across various types of real estate and tenants, with strong efficiency indicators. The gross yield on income-generating properties is 7.2%, and the weighted average unexpired lease term (WAULT) stands at 9.7 years as of March 31, 2025. During Q1, Premia Properties continued its investment program by acquiring several assets, including the Semeli winery and vineyards, an office building in Thessaloniki leased to Ktimatologio AE, two commercial properties in Thessaloniki and Athens, and another property in Larissa aimed at expanding student housing. The company maintains a healthy financial structure with a net position of €201 million, net debt of €308 million, and total group assets amounting to €551 million. Revenues increased by 79%, and operating profit (Adjusted EBITDA) rose by 109%. Additionally, pre-tax profits soared by 271% compared to Q1 2024, primarily driven by higher operating profitability. Premia Properties continuously monitors and evaluates macroeconomic and financial conditions to ensure strategic adjustments when necessary.