Premia Properties anticipates a significant boost in its financial performance for 2025, driven by recent and ongoing investments.
In the first quarter, Premia reported managing 68 properties with a total valuation of €526.5 million, reflecting a 6% increase since the end of 2024. The portfolio’s gross yield reached 7.2%, while the weighted average lease term (WAULT) was 9.7 years.
Management has maintained its revenue projections for 2025, estimating total consolidated revenues between €34 million and €35 million (up from €22.4 million last year). Adjusted EBITDA is expected to range from €22 million to €23 million, compared to €14.1 million in 2024.
Costas Markazos, CEO of Premia, highlighted that a key factor for the real estate market and REICs will be the European Central Bank’s cumulative reduction of 175 basis points in its reference interest rate, which is anticipated to further fall. This decline could positively impact Euribor rates, consequently lowering the Group’s borrowing costs and tax liabilities.
To support ongoing growth and enhance its market position, Premia plans to raise €40 million in capital, with implementation set for the coming weeks.
Recent investments include the Semeli winery and its vineyards, an office property in Thessaloniki leased to the Hellenic Land Registry, and two additional commercial properties—one office undergoing renovation in Thessaloniki and a commercial property leased to Spanos S.A. in Athens.
