Detail akcie Phoenix Spr Ptg GBP online

Business Summary: Phoenix Spree Deutschland Limited is a Jersey-based investment company specializing in Berlin residential real estate. The Company invests in residential and commercial property in Germany. The Company’s objective is to generate an attractive return for shareholders through the acquisition and active management of high-quality pre-let properties in Berlin, Germany. It is primarily investing in the residential market in Berlin, supplemented with selective investments in commercial property. The majority of commercial property within the portfolio is located within residential and mixed-use properties. Its portfolio consists of approximately 93 properties containing 2,472 residential units and 138 commercial units, with a total lettable area of around 186,500 square meters. Its subsidiaries include Phoenix Spree Deutschland I Limited, Phoenix Spree Deutschland VII Limited, Phoenix Spree Deutschland X Limited, and others. Its property advisor is QSix Residential Limited.
Financial Summary: BRIEF: For the six months ended 30 June 2024, Phoenix Spree Deutschland Ltd revenues increased 3% to EUR14.2M. Net loss decreased 58% to EUR19.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Investment property fair value (loss) /g decrease of 56% to EUR25.1M (expense), Gain / (loss) on interest rate swaps increase from EUR349K to EUR1.5M (income).