Revenues from the residential segment reached RON 642.3 million (EUR 128.2 million) in H1 2025, a 23% YoY increase driven by solid sales performance throughout the past year and steady construction progress. The net income from residential property accelerated 25% YoY, to RON 231.6 million (EUR 46.2 million).
The net margin increased from 35.3% in H1 2024, to 36.1% for H1 2025.
Rental income, which includes revenues from the commercial division and tenant services, rose by 7% YoY to RON 80.2 million (EUR 16 million) in H1 2025, while the net rental income increased by 2% YoY to RON 52.4 million (EUR 10.5 million).
In H1 2025, the Group leased and pre-leased 26,431 sqm of office and retail spaces comprising 7,483 sqm of new leases and 18,948 sqm of lease extensions.
Net debt as of the end of H1 2025 amounted to RON 735.8 million (EUR 144.9 million), representing just 13% of total assets, which are at a historical high of RON 5.9 billion (EUR 1.2 billion).
In the first half of 2025, One United Properties finalized 157 residential units at One Lake Club Phase 2, while the second half of the year is expected to mark the largest volume of deliveries in the company’s history.
As of June 30th, 2025, One United Properties had 3,884 residential units, 22,000 sqm of office space, and 21,000 sqm of commercial space under construction, with a combined Gross Development Value (GDV) of EUR 1.44 billion. Of this, EUR 1.17 billion represents GDV under construction for the residential segment.
In addition, the company held, as of June 30th, 2025, landbank that will bring further estimated GDV of EUR 2.2 billion, corresponding to over 9,000 future residential units.
The company’s shares have added 12% since the start of the year amid a RON2.6 billion bourse valuation.
(English version by Catalina Apostoiu)