Trade Estates Reports 36.7% Increase in Net Profits for Q1 2025

The consolidated financial results for Q1 2025, announced today (May 20, 2025), revealed that Trade Estates’ net profits reached €4.1 million compared to €3 million in Q1 2024, marking a significant increase of 36.7%. The Board of Directors will propose to the Annual General Meeting of Shareholders, scheduled for June 13, 2025, the distribution of a dividend amounting to €12,052,877.10 (equivalent to a net amount of €0.10 per share) for the year 2024. Key Financial Highlights include total revenue rising to €12.2 million from €11.1 million (+10.5%), rental income increasing to €9.8 million from €9 million (+9.0%), and Adjusted EBITDA climbing to €7.9 million from €6.8 million (+14.8%). Furthermore, the company’s overall assets totaled €613.3 million as of March 31, 2025, reflecting a 1.4% increase compared to December 31, 2024. Notable events during Q1 2025 included a rise in customer visits to Trade Estates’ shopping parks by 8.8%, with store sales reaching €102.6 million, up 10.9% year-over-year. Additionally, the Fourlis Group successfully sold 16% of TRADE ESTATES REIT’s share capital through a private placement, reducing its stake below 50%. Construction on the Top Parks Heraklion shopping park was completed, while work continues on InterIKEA’s international logistics center, expected for partial delivery by Q4 2025. Dimitris Papoulis, Managing Director of Trade Estates, emphasized the positive economic performance driven by increased store traffic and integration of new properties.