Liven Things Up with One United Properties!
Shareholders of One United Properties authorize distribution of a dividend amounting to EUR 15.6 million during the fiscal year 2024.
Get ready to slip into the sleek, sustainable world of One United Properties (BVB: ONE), the driving force behind green real estate in Bucharest, Romania! This innovative powerhouse is all about building safe, energy-efficient, and healthy properties — a fact that's earned them a boatload of awards and recognition.
The latest news from ONE UNITED PROPERTIES? They're entering a new phase of rapid growth, aiming for a record-breaking year of deliveries in 2025. Despite the complex environment, they've managed to keep a predictable dividend policy — a 2.5% increase in total dividend for the 2024 financial year and a commitment to continue semi-annual distributions.
In the recent General Meeting of Shareholders (GMS) held on April 29th, 2025, they approved several key items, including the distribution of the second tranche of the 2024 dividends, the 2025 budget, and the re-election of members of the Board of Directors. With an impressive quorum of over 75%, this GMS wasn't just a run-of-the-mill meeting — it was a big step forward in their growth journey.
Claudio Cisullo, Chairman of the Board, shared his excitement: "We remain focused on disciplined execution, protecting our margins, and expanding our footprint in a sustainable and strategic way." The goal? To close the gap between their current market capitalization and the true value of their business. With resilient fundamentals, strong liquidity, and a clear strategy for growth, they're determined to deliver superior long-term value for shareholders.
The second tranche of dividends from the 2024 result amounts to a massive EUR 15.6 million, a 2.5% increase year-on-year. The first tranche of gross dividends was paid out in November 2024, and the second tranche, worth RON 0.36 gross per share, is set to be dished out on May 29th, 2025. This means a dividend yield of 3.8% for 2024, covering both tranches.
As for future dividends, they plan to pay an interim dividend in the second half of 2025, based on the net profit recorded as of June 30th, 2025. The final value of this interim dividend will be proposed in September during the General Shareholders' Meeting, although the Board of Directors is expected to submit a proposal of comparable value to the April 2025 tranche. One United Properties is sticking to its semi-annual distribution policy.
In 2024, they reported some impressive figures, including a turnover of 289 million euros, gross profit of 86.6 million euros, and a net profit of EUR 74.9 million. Their revenue from the residential segment remained stable at 229.5 million euros, with net income increasing by 8% year-over-year. Rental income also saw a significant boost, rising by 17% YoY to EUR 30.4 million. As of December 31, 2024, their gross loan-to-value ratio stood at 27%, a 1 percentage point improvement from the previous year. Net debt for the year-end amounted to EUR 123.8 million, representing just 11% of total assets, which hit a historical high of EUR 1.1 billion.
For 2025, they're aiming high, targeting a consolidated turnover of EUR 309.8 million. The result from operating activity is projected at EUR 108.7 million, a 12% increase, supported by strong residential sales and the continued expansion of their commercial leasing portfolio. Gross profit is set to reach EUR 92.8 million, a 7% increase, while net profit is forecasted to grow by 5% to EUR 78.7 million.
In the annual GSM, all members of the Board of Directors were re-elected: Claudio Cisullo, Victor Capitanu, Andrei-Liviu Diaconescu, Dragos Manda, Marius Diaconu, Augusta Dragic, and Dirk Pahlke. Mandates for the members of the Board of Directors are now granted for one year, with the possibility of re-election.
So, are you ready to join the green real estate revolution with One United Properties? Buckle up and hold on tight — it's going to be quite a ride!
- One United Properties (BVB: ONE), the eminent player in Romania's green real estate sector, intends to increase its dividend by 2.5% in the 2024 financial year, marking a milestone in their semi-annual distribution policy.
- The strategic business mindset of One United Properties is evident in their plan to invest in residential properties, targeting a turnover of EUR 309.8 million in 2025.
- Claudio Cisullo, the Chairman of One United Properties, asserts their commitment to sustainable growth, emphasizing disciplined execution, margin protection, and strategic expansion in the real-estate market.
- The second tranche of One United Properties' 2024 dividends, amounting to EUR 15.6 million, will be disbursed on May 29th, 2025, following the approval in the General Meeting of Shareholders (GMS) held on April 29th, 2025.
