Finances

In the six months ended 30 June 2024, consolidated revenue rose 1% y/y, to PLN 187.7 million. Rental income from investment properties increased by 8%, to PLN 108.5 million. The value of investment properties rose by 11%, to more than PLN 5 billion (EUR 1.17 billion). At the same time, the Group’s EBITDA (without revaluation of investment properties) improved by 2%, to PLN 99.1 million (EUR 23.0 million).

MLP Group’s portfolio generates stable and substantial cash flows, with a weighted average lease term of over 7.8 years. The Group serves an international client base of approximately 195 tenants, including global blue-chip companies with strong credit ratings. With a robust financial position and a secure capital structure, MLP Group is well-equipped to achieve its long-term strategic objectives. MLP Group is currently finalising the process of being credit rated, which will facilitate access to European and global debt markets, thereby enhancing its project financing capabilities.

The space leased or to be leased under contracts that were signed in the first half of 2024 or are expected to be executed by September 2024 totals 161 thousand sqm. We anticipate to sign majority of the budgeted lease contracts for this year in H2 2024 (esp. in Q3).