The earnings are “pro forma” which show profit and loss according to the cost model and serve as the basis for Graphisoft Park’s dividend. As the local form of a real estate investment trust (REIT), the company pays 90% of its pro forma earnings as dividends.
The company’s board will propose payment of a EUR 0.71-per-share dividend at the upcoming annual general meeting, Graphisoft Park said. Rental revenue edged up 2.5% to EUR 17,260,000.
The occupancy rate at the park was 94% at the end of the year, down from 95% in H1, but still “significantly higher” than the 86% Budapest office market average. In guidance for 2025, Graphisoft Park put net profit at EUR 7,000,000.
The estimated fair value of Graphisoft Park’s real estate portfolio stood at EUR 230,579,000 at the end of December.
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