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Fitch Ratings assessed the latest transaction of Akropolis Group: the acquisition of Galio Group leaves the company with the rating BB+ with a stable outlook
Globenewswireยท 2025-10-03 17:44
Core Insights - The acquisition of Galio Group by Akropolis Group has been positively evaluated by Fitch Ratings, reaffirming a long-term borrowing rating of BB+ with a stable outlook [1][6] - The CEO of Akropolis Group emphasized the responsible growth and diversification of the portfolio, which enhances trust in the company's long-term growth prospects [2] Financial Performance - Following the acquisition, Akropolis Group's real estate portfolio value increased by approximately 30%, rising from EUR 1.1 billion to EUR 1.4 billion, and the number of income-producing properties surged from 5 to 60 [4] - The concentration of shopping centers in the portfolio decreased from 96% to 73% of the total portfolio value, indicating improved diversification [4] - Consolidated rental income for the first half of 2025 reached EUR 46.3 million, reflecting a 5.4% increase compared to the same period in 2024, while EBITDA was EUR 44.3 million, up 3.4% year-over-year [7] Market Position and Outlook - Fitch Ratings noted the financial stability of Akropolis Group, attributed to a better average cost of debt and sustainable financial indicators [3] - The positive performance metrics include growing rental income, increased tenant sales, stable footfall in shopping centers, and low vacancy rates [5]