2014 Key Performance Indicators
CTP’s 2014 key business performance dashboard shows growth beyond the company’s 2017 plan. Thanks to market conditions, strong tenant demand and greater operational efficiencies, CTP was able to increase gross rental income to EUR 134 million, up over 11% from the previous year. A favourable international financing climate allowed CTP to both refinance existing loans under improved conditions, and also to finance new developments and acquisitions, resulting in a historic low loan-to-value ratio of 51%, down from 56% in 2013. Improved valuation yields and operational efficiencies, such as lower overhead and vacancy rates, all helped to boost projected profit before finance costs to approximately EUR 337 million.