CTP NV (XAMS:CTPNV)

€ 14.5 -0.36 (-2.42%) Market Cap: 6.57 Bil Enterprise Value: 13.42 Bil PE Ratio: 7.25 PB Ratio: 0.95 GF Score: 52/100

Q2 2022 Ctp NV Earnings Call Transcript

Aug 10, 2022 / 07:30AM GMT

Release Date Price: €12.5 (+3.31%)

Transcript

Remon Vos

CTP N.V. - CEO

Good day from CTP here in Prague. Together with Richard Wilkinson, my name is Remon Vos. And I am happy to share with you the results from 2022, the first six months. We've been busy, and I can report to you that the first six months have been extremely good.

We have seen a fantastic rental income with high occupancy at around 95%. We've seen rental growth, 4.3%, like for like. And the numbers will be presented to you in more detail by Richard Wilkinson. But in terms of rental income per year, we are now looking at EUR538 million of rent for a 12-month term.

In particular, in the Czech Republic, we see high occupancy, 98%. Throughout the portfolio, it is currently 95%. So we continue to see strong demand, and this is why we have 1.4 million square meters of properties under construction. Most of those buildings are being built for existing tenants, mostly within existing business parts.

And we do that as a good tradition at CTP within 10 years back, and that's what we say. That means 10% yield on cost.

And then again, has been, as always, a

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