CTP’s H1 rental income up 17% to €160m

It’s fair to say that CTP enjoyed a solid H1 2021. Along with going public on the Amsterdam stock market and finalizing a 2-tranche, €1 billion green bond, the company says it captured nearly one-third of all new leases signed during the period in the Czech Republic, Romania, Hungary and Slovakia, where it now holds a 25% market share (in terms of GLA). Its net rental income rose 17% y-o-y to €160.3 million while it grew its total land bank by 1.7 million sqm to 14.7 million sqm. CEO Remon Vos says CTP’s annualized rent roll rose 4% q-o-q to €380 million. “CTParks are well positioned to benefit from the trends of e-commerce, supply chain optimization, last mile delivery and demand for parks designed to minimize environmental impact,” he said. On that environmental note, the company currently owns and manages 5.6 million sqm of forest, part of its commitment to maintain a 1:1 ratio to its built portfolio. The only headwinds CTP noted as part of its H1 guidance was that long-term interest rates were becoming volatile and that rising inflation could have an impact on economic development.

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