In July-September 2013, NEPI reported profit attributable to equity holders of EUR35.94 million.
Rental income and other operating revenues rose to EUR60.05 million in the first nine months, from EUR37.62 million in the year-earlier period, according to its financial report sent Friday to the Bucharest Stock Exchange.
Property operating expenses advanced 77.7%, from EUR9.63 million to EUR17.11 million.
At the end of the first nine months, NEPI had debts of EUR289.94 million, up 5.4% from EUR275.1 million in the same interval in 2013, but nearly 12% lower than EUR328.97 million at the end of 2013.
The fund’s assets were estimated at EUR1.24 billion at the end of September, from EUR916 million in the same interval a year ago.
NEPI’s results are consolidated and unaudited and are in accordance with the international accounting standards (IAS).
The acquisition of the Promenada Mall in Bucharest from Raiffeisen evolution, for EUR148 million, was NEPI’s largest takeover deal this year.
In Romania, the fund also administers shopping centers covering nearly 330,000 sqm, the most important of which are Ploiesti Shopping City, City Park Constanta and Vulcan Strip Mall Bucuresti.
The fund has investments of over EUR460 million currently under development in Romania. It is one of the most active investors on the local real estate market, where it owns numerous retail and office projects.
On the Bucharest Stock Exchange Thursday, NEPI traded at RON39.74 a share.