CTP in 2021

CEO and CFO Review

CTP had a landmark year in 2021. In March, we completed our Initial Public Offering on Amsterdam’s Euronext Exchange and achieved record operational and financial results during the year, which exceeded the targets for 2021 set at the time of our IPO.

We identified a clear and compelling opportunity to establish a listed company with a distinct focus on developing, owning, and managing a highly sustainable portfolio of logistics and industrial parks, anchored in the strategically important region of central and eastern Europe (CEE). Equipped with our 23-year track record, established operating platform and 7.6 million sqm of gross lettable space (GLA) across a network of CTParks that span Europe from the North Sea to the Black Sea, we believe we are uniquely placed to capitalise on the opportunity that our growing markets offer.

Richard & Remon

IPO targets exceeded

IPO target Actual
Yield on Cost Target 10% + 11.30%
Owned GLA by end of 2021 >7.1m sqm >7.6m sqm
10m sqm owned GLA by end of 2023 by end of 2022
Stable Occupancy 95% 95%
Impact from COVID-19 No material impact Rent collection 98%
Expansion into Western Europe 2023 2021 (Germany & Netherlands)
Carbon Neutral in Operations 2023 Carbon Negative in 2021
Sound Leverage 40-50% Net LtV 42.8% Net LtV
Decreasing Cost of Debt 1.6% (IPO) 1.20%
Dividend Policy 70-80% EPS 75% Pay-out

Historical GLA Growth (in mil. sqm)

Historical GLA Growth (in mil. sqm)

PASSING RENT DEVELOPMENT DURING 2021 (in € million)

PASSING RENT DEVELOPMENT DURING 2021 (in € million)
EPRA TOPPED
UP NIY
(6.2%)
5.6%
OCCUPANCY
RATE
(94%)
95%
RETENTION
RATE
(92%)
92%
RENT
COLLECTION
(98%)
98%
WAULT
 
(6)
YRS
6.7
LIKE FOR LIKE
RENTAL GROWTH
(6.2%)
5.6%
NEW LEASES
SIGNED
(1.2)
million SQM
1.7
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Commercial Contact

Ivan Pastier

Park Address

Bratislava

Opletalova 87, 841 07 Bratislava - Devínska Nová Ves Slovakia

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