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CTP CFO, Richard Wilkinson, explains the numbers behind our success

CTP’s financial highlights 2020

Over 10% EPRA Net Tangible Asset growth, double-digit earnings and NAV annual growth outlook, supported by robust credit fundamentals, with investment grade issuer ratings Baa3 and BBB- (stable outlook) from Moody’s and S&P, respectively.
12.6 million m² of controlled landbank with 5.4 million m² buildable area. CTP now has 8.8 million sqm of owned land bank, with a further 3.8 million m²under exclusive option: 65% at existing parks and 82% around major cities.
89% of objective to purchase and replant one square meter of forest for every one square meter of buildings to protect biodiversity achieved to date, target 100% by the end of 2021.
€ 4 billion EMTN Programme established and two additional Green Bonds issued since the € 650 million debut Green Bond in October 2020, taking the total issuances to more than € 1.5 billion to date.
85% of total portfolio in capital/major cities of CEE region, benefiting from strong macroeconomic fundamentals. Average GDP growth in CEE outpaced the growth in the largest Western European economies and GDP is expected to recover faster from COVID-19 pandemic.
700 high quality international and and domestic tenants, high and stable occupancy levels (94% as of December 2020), long WAULT (6 years), and strong tenant retention (92% in 2020).
100% BREEAM-certified portfolio and carbon-neutral operations from 2021. All new buildings are constructed “solar ready” with capacity to develop approx. 290 MWp of electricity to enable clients to purchase 100% renewable energy and positively impact the communities in which they operate.

Top 5 Clients as a % of GRI

CTP's Top 5 clients represent just under 10% of rental income, demonstrating the resilience of our tenant profile.

L TV 48% 5 1% 5 1%
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