Q1 2025 Ctp NV Earnings Call Transcript

May 8, 2025 / 08:00 AM GMT

Release Date Price: €16.04 (-2.31%)

Transcript

Key Points

Positve

CTP NV (XPRA:CTP) reported a 15.9% year-on-year increase in gross rental income, reaching €182.5 million.
The company achieved a 4.2% like-for-like rental growth in Q1 2025, driven by indexation and strong rent reversion.
CTP NV (XPRA:CTP) signed 416,000 square meters of leases in Q1 2025, marking a 25% increase compared to the previous year.
The company maintains a stable occupancy rate of 93% and a high retention rate of 90%, indicating strong tenant satisfaction.
CTP NV (XPRA:CTP) successfully raised €1.2 billion of debt to improve its liquidity position, including a €1 billion bond issuance and a JPY30 billion samurai loan.

Negative

The company's EPS growth for 2025 is expected to face a slight headwind due to the repricing of its debt stack in 2024.
Despite strong leasing activity, the vacancy rate remains at 93%, with specific challenges in newer market entries like Poland and Germany.
The company's average cost of debt stands at 2.9%, with a marginal cost of funding around 4% for 5-year money, indicating potential pressure on future profitability.
CTP NV (XPRA:CTP) faces geopolitical and economic uncertainties in markets like Romania, which could impact future demand.
The company's development pipeline is heavily reliant on existing business parks, which may limit diversification and expansion into new markets.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CTPNV.AS - Ctp NV
Q1 2025 Ctp NV Earnings Call
May 08, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning from Prague here at CDP's headquarters and thank you for joining and for dialing in with some good news, so far, Q1 has been a bit bumpy and a bit.

Interesting, I would say for.

For CDP for our clients, the markets have seen a lot of change and opportunity which we like at CTP. We are an entrepreneurial property company, very dynamic and ready to make quick decisions with money in hand so that the market where we are currently definitely is an interesting market and circumstances which we will do our very best to benefit from. It's about, I think deglobalization, it's about near shoring. It's about bringing production to the markets where your clients are with 450 million consumers in Europe, we see a lot of companies coming to

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