Q4 2025 BriQ Properties REIC Earnings Call Transcript
Key Points
- BriQ Properties REIC (FRA:BRW) reported a 38% increase in revenues for 2025, reaching EUR21.6 million.
- The company's funds from operations (FFO) per share doubled from the previous year, now at EUR0.24 per share.
- BriQ Properties achieved a gross yield of 7.8%, the highest among Greek REITs.
- The company successfully reduced its loan-to-value (LTV) ratio from 45% to 36% by the end of 2025.
- BriQ Properties initiated an interim dividend and launched a four-year script dividend program, with a 62% participation rate in 2025.
- The company faces potential revenue impact in 2027 due to the expiration of leases with Alpha Bank.
- BriQ Properties has not yet secured tenants for its new Aenora office building, which is expected to be delivered in April 2026.
- The ongoing war in Iran and inflation concerns may impact future investment decisions and market conditions.
- The company's portfolio reshuffling led to the sale of eight non-core properties, which may affect future revenue streams.
- BriQ Properties' growth strategy is conservative, potentially limiting rapid expansion opportunities in the near term.
Ladies and gentlemen, thank you for standing by. I'm [Konstantinos], your Chorus Call operator. Welcome and thank you for joining the BriQ Properties conference call and live webcast to present and discuss the group financial results for the full-year 2025.
At this time, I would like to turn the conference over to Ms. Anna Apostolidou, CEO; and Mr. Emmanouil Andrikakis, Finance Director and Investor Relations Officer of BriQ Properties.
Management, you may now proceed.
Good afternoon, kalispera. Thank you very much for joining us this afternoon with the financial results of 2025, which were published, announced yesterday. The presentation that we will be showing you today is also uploaded in our website. So if you want, you can follow it up from there as well.
So we will start with a slide that shows our history line. Very briefly, I can see that most of you know us very well, but very briefly, I would like to say that BriQ Properties REIC was established as a REIC in
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