The fund’s net rental and related income rose 48.3% on the year to EUR55.32 million in 2013, NEPI said in its financial report.
Property operating expenses increased 55% to EUR13.9 million, from EUR8.96 million at the end of 2012.
At the end of 2013, the fund reported net assets of EUR1.04 billion, well above EUR624.4 million in the previous year.
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.
Wednesday, NEPI closed down 5.28% at 25.1 lei (EUR5.63) a share in Bucharest. (EUR1=RON4.4556)