November 22nd, 2021
Press Release
Significant Increase in revenue for the nine-month period ended 30.09.2021
BriQ Properties R.E.I.C. (the "Company" and the "Group") announces that according to the consolidated financial statements for the nine-month period ended 30.09.2021, the rental income of the Group amounted to 4,4m compared to 2,8m for the respective last year period, recording an increase of 59%, mainly driven by the incorporation of revenue from new investments in logistics. This increase was achieved despite the decrease in revenues by 0,9m due to the measures imposed due to COVID-19, while the corresponding decrease in the first nine months of 2020 was significantly lower ( 0.5m).
The significant shift of the Company's portfolio in the logistics sector is proved by the fact that the value of the portfolio on 30.09.2021 was distributed by 48% in logistics, 30% offices, 17% hotels and 5% other uses while on 30.09.2020 the distribution was 43% offices, 27% hotels, 14% logistics and 16% other uses.
The Group achieved an increase in its financial performance metrics compared to the respective last year period, in particular:
[OSEN=Seon Mi-kyung Reporter] Rapper Yang Hong-won, who has sparked controversy over infidelity allegations just five days after his marriage, is drawing attention for reportedly singing his wife W...