The fund’s contractual rental income doubled to EUR19.76 million in the first quarter, from EUR9.8 million in the year-ago period, NEPI said in its financial report.
Property operating expenses increased to EUR4.14 million, from EUR2.35 million in the first three months of 2013.
At the end of March, the fund reported net assets of EUR1.06 billion, well above EUR616.3 million in the previous year.
The figures are unaudited and are computed under IFRS accounting standards.
New Europe Property Investment owns around 30 properties with a total value estimated at EUR804 million, most of them in Romania.
NEPI is the first property fund listed on the Bucharest bourse, on a dedicated segment for real estate investment trusts (REITs). The fund is also listed in Johannesburg and London.
Monday, NEPI closed up 8% at 27 lei (EUR6.08) a share in Bucharest. (EUR1=RON4.4415)