Atrium European Real Estate has recorded rises in occupancy rates, net asset value per share and pre-tax profit in 2011.
EPRA NAV per share rose 5.6% to 636c (528p) last year, while pre-tax profit jumped 34.9% from 2010, to €169.7m (£141m).
During the same period at the firm, occupancy rates increased to 97.6% from 95.5%.
The 155-asset portfolio is now valued at €2.1bn (£1.7bn), compared with €1.5bn (£1.2m) in 2010, mainly as a result of three major shopping centre buys.
Rachel Lavine, chief executive at Altrium, said: “Looking forward, our key objective for 2012 is to continue to deliver a strong operational performance as measured by positive real growth in rental income. To supplement organic growth we will continue to seek opportunities to acquire high quality income producing assets in tier one cities of our target markets.”
joanna.bourke@estatesgazette.com
