Sursa foto: One United Properties
Real estate developer One United Properties estimates revenues of 1.52 billion lei and a net profit of 548.7 million lei in 2022. The 2022 budget, which the One United Properties Board of Directors adopted on January 10, 2022, will be submitted for shareholder approval at the General Meeting of Shareholders on April 26, 2022.
“We are confident that 2022 will bring another strong year for the Romanian real estate market and for One United Properties and we expect our business to continue to grow at a good pace. Global macroeconomic signals point to interest rate increases in 2022, another reason why we also believe this is a good time to buy residential property. This year we will complete four new residential developments and two new commercial developments, while also investing in new properties. As a result, we expect significant increases in both residential sales, due to an increase in the number of completed and new developments, and rental income. In parallel, we will continue to invest in new developments to expand our portfolio in Romania. We estimate that we will invest RON 1.16 billion in 2022,” said Victor Căpitanu, co-CEO of One United Properties.
For 2022, One United Properties expects to complete the following projects One Verdi Park, One Modrogan, One Timpuri Noi and One Floreasca Vista, which will contribute significantly to the company’s net income. Rental income is expected to reach RON 71.78 million in 2022, as a result of the full occupancy of One Tower, the reception of One Cotroceni Park Phase 1 and its leasing, as well as the acquisition of the majority stake in Bucur Obor. Furthermore, the company expects to complete One Cotroceni Park Phase 2 before the end of the year, which will generate even more recurring revenue in the coming years.
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One United Properties is the third-largest entrepreneurial company listed on the Main Market of the Bucharest Stock Exchange, as well as the largest real estate developer listed on the local capital market. The company’s shares have been trading on the BVB since July 12, 2021, following an IPO, in which the company attracted RON 260 million for future developments in both the residential and office segments.
As of 20 December 2021, One United shares are included in the FTSE Russell Global All-Cap Index, which tracks the world’s most liquid stocks.