Real estate developer One United Properties posted a consolidated turnover of 1.2 billion RON in 2022, up 4 percent year-over-year, while its pre-tax profit reached 573.2 million RON, down 5 percent compared to 2021, as a result of intense investment activity. The net profit was 1 percent down to 502.6 million RON, the company reported, according to Agerpres.
One United Properties closed 2022 with a cash position of 567 million RON, by 12 percent higher than at the beginning of the year, due to the contribution resulting from the capital increase, which brought the company 253.7 million RON in Q3, and despite continuous investments and dividend payments in amount of 78.6 million RON in 2022.
The company recorded 599 apartment sales and pre-sales with a total area of 52,724 sqm, and traded 978 parking lots and other property types, as well as apartments in the early stages of construction worth 169.2 million euros.
Rental revenues, which include the revenues generated by the office and retail divisions, rose 9-fold to 60.3 million RON.
In terms of capital market performance, in 2022 One United Properties was the 9th most traded share on the Bucharest Stock Exchange by absolute liquidity and the 11th most traded share in terms of free-float liquidity. The average daily value of One United Properties stock trades between January 1 and December 31, 2022 was approximately one million RON.
One United Properties is the main real estate investor and developer of sustainable residential, office and next-generation mixed-use projects in Bucharest.
Agerpres
