CPI PROPERTY GROUP Releases Q1 2026 Financial Results

CPI Property Group S.A., a major European landlord, has released its unaudited financial results for the first quarter of 2026. The property portfolio stood at €18.0 billion with total assets amounting to €20.1 billion. A stable consolidated leverage ratio of 49.4% was reported. The group's occupancy rate was 92.5%, slightly lower compared to the previous year's end.

Net business income and rental income were reported at €188 million, with consolidated adjusted EBITDA at €171 million, reflecting declines due to disposals. The company recorded a 1.5% like-for-like rental growth across all segments. Disposals worth approximately €439 million were completed or signed by the end of Q1, with aims to achieve €500-750 million in 2026.

Total liquidity of €1.3 billion is sufficient to cover bond maturities for the next 24 months. In financing activity, CPIPG issued CHF 105 million of 5-year senior unsecured bonds and successfully increased its revolving credit facility to €500 million.