Trade Estates posts 19% rise in Q1 net profit to €4.9 million

Trade Estates reported a net profit of €4.9 million for the first quarter of 2026, a 19% increase over the same period in 2025. Total revenues reached €13.3 million, up 8.8% year‑on‑year, with rental income climbing to €10.5 million (+7%). Adjusted EBITDA rose 4.4% to €8.2 million and funds from operations grew 14.9% to €5.3 million. The company’s total assets remained stable at €661.1 million, while gross asset value edged up to €603.0 million and net asset value to €347.0 million (€2.87 per share). Consumer visits to Trade Estates’ shopping centres increased by 7.7% to 5.2 million, and total store sales rose 9.5% to €115.9 million. CEO Dimitris Papoulis said the results confirm a strong start to the year and the resilience of the business model despite geopolitical and inflationary pressures, highlighting continued demand for modern logistics facilities and a focus on operational efficiency and solid capital structure.