In January-September 2011, NEPI’s profit attributable to equity holders was at EUR8.5 million.
The fund’s net rental and related income increased 18%, to EUR28.8 million, from EUR24.3 million in the first nine months of 2011, NEPI said in its financial report.
NEPI had total assets of EUR544.3 million at the end of September, up 28% from the same period a year earlier, while debts stood at EUR226 million, up 19% on the year.
The condensed consolidated unaudited quarterly financial results have been prepared in accordance with the International Financial Reporting Standards (IFRS).
New Europe Property Investments is the mother-company of a group of companies especially set up to invest in office buildings, shopping centers and industrial properties, mainly on the Romanian market.
The fund has been operating on the local market since its establishment, in 2007.
NEPI’s portfolio in Romania includes 32 real estate properties and focuses on the acquisition of properties leased by financially stable multinational companies.
October 29, NEPI’s shares traded down 8.24% in Bucharest, to RON15.6 per unit.