The increase was driven by a 3% growth in rental revenue, bolstered by a high occupancy rate of 94%, significantly above the Budapest market average.
The company benefited from euro-based rent indexation and one-off compensations from tenants downsizing space. Operating expenses rose by 21% due to inflation, while EBITDA improved by 7%, reaching EUR 12.27 mln.
Graphisoft Park anticipates EUR 17.2 mln in rental revenue for 2024 despite potential headwinds in 2025 from expected vacancies and reduced rent adjustments.
The fair value of its property portfolio increased to EUR 229 mln, aided by critical lease renewals and a solid tenant base.
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