CTP N.V. reports solid H1 2025 growth with strong portfolio performance and high occupancy

CTP N.V. reported solid financial results for the first half of 2025, underpinned by stable rental income growth and an expanded portfolio. Net rental income increased to €336.4 million, up 9.4% year-on-year, driven by both acquisitions and developments completed over the past year. The portfolio grew to 12.1 million sqm of gross lettable area (GLA), with an occupancy rate of 94%.

EPRA earnings rose to €234.8 million, compared with €216.6 million in H1 2024, reflecting improved operational performance. The company maintained a strong development pipeline of 1.9 million sqm, with pre-let commitments for 77% of space under construction. Management reaffirmed its FY 2025 guidance for EPRA earnings per share in the range of €0.77–€0.79.

The balance sheet remained robust, with a loan-to-value ratio of 45.3% and €1.2 billion in available liquidity. CTP also emphasized its sustainability agenda, noting that over 95% of its standing portfolio is BREEAM-certified, with ongoing investments in renewable energy projects, including rooftop solar installations.

CEO Remon Vos stated that the company’s strategic focus on core CEE markets, coupled with selective Western European expansion, continues to deliver resilient cash flows despite macroeconomic uncertainties. CTP aims to maintain disciplined growth while capitalizing on demand for high-quality, sustainable logistics and industrial facilities.