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Home Countries Greece

Trastor REIC Triples Its Profitability

Sorina Dumitru by Sorina Dumitru
October 4, 2021
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Trastor REIC Triples Its Profitability
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On September 30, 2021, Trastor REIC announced that it had tripled its profitability in H1 2021 compared to the same period of 2020.

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According to the company, the group’s net profit increased from EUR 2.7 million to EUR 8.9 million. In the same period, the group’s rental income saw an increase of 42.1%, reaching EUR 8.1 million.

Trastor REIC also informed that as of June 30, 2021, the Group’s portfolio comprised of 59 prime investment properties located across Greece, with a total leasable area of approximately 219,000 square meters and a value of EUR 312.9 million. During the first semester of 2021, the group acquired a newly built logistics center located in the area of Aspropyrgos, Atticahas and continued the implementation of its divestment plan from non-core assets by completing the sale of six gas stations and one retail shop.

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Sorina Dumitru

Sorina Dumitru

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