Bilanci finanziari
Excellent Financial Results
?? CTP generated positive momentum in 2021, as the Group rigorously delivered across every element of its strategy as well as further strengthening the foundations of its business to ensure that it is well positioned for future performance.
NET RENTAL INCOME
+16.5%
EUR billion
327
RECORD PROFIT
AFTER TAX
AFTER TAX
+306%
EUR million
1,026
EXCELLENT ANNUAL
TOTAL RETURN
TOTAL RETURN
47%
ON TARGET NET
LOAN-TO-VALUE
LOAN-TO-VALUE
50.7%
42.8%
STRONG LUQUIDITY
GREEN BONDS ISSUED
GREEN BONDS ISSUED
1.04
EUR billion
3.4
ATTRACTIVE
COSTO DEL DEBITO
COSTO DEL DEBITO
2.00%
1.19%
STRONG EPRA EPS
GROWTH
GROWTH
+11.4%
EUR
0.49
SOLID EPRA
NTA
NTA
+45%
EUR
12.06
2021 DIVIDEND
PROPOSED
PROPOSED
0.17
EUR
0.35
Balance Sheet
Summary Audited Consolidated Balance Sheet per 31 December 2021.
| Attività | FY 2021 €m | FY 2020 €m |
| Immobili di investimento | 7,575.10 | 7,575.10 |
| Immobili di investimento in fase di sviluppo | 774.2 | 774.2 |
| Immobili, impianti e macchinari | 111 | 111 |
| Altro | 174.6 | 174.6 |
| Totale attività non correnti | 8,634.90 | 8,634.90 |
| Crediti commerciali e altri crediti | 144.1 | 144.1 |
| Altro | 14.8 | 14.8 |
| Liquidità e mezzi equivalenti | 892.8 | 892.8 |
| Totale attività correnti | 1,051.70 | 1,051.70 |
| Totale attività | 9,686.60 | 9,686.60 |
| Patrimonio netto totale | 4,106.80 | 4,106.80 |
| Prestiti e prestiti con interessi da istituti finanziari | 1,110.50 | 1,110.50 |
| Obbligazioni emesse | 3,368.20 | 3,368.20 |
| Altro | 64.6 | 64.6 |
| Passività fiscali differite | 746.8 | 746.8 |
| Totale passività non correnti | 5,290.10 | 5,290.10 |
| Prestiti e prestiti con interessi da istituti finanziari | 20.8 | 20.8 |
| Altro | 268.9 | 268.9 |
| Totale passività correnti | 289.7 | 289.7 |
| Passività totali | 5,579.80 | 5,579.80 |
Assets & liabilities
(in EUR millions)
| Balance Sheet | 2021 | 2020 | 2019 | 2018 |
| Totale attività | 9,686.60 | 6,446.30 | 5,526.00 | 4,637.40 |
| Immobili di investimento | 7,575.10 | 5,386.20 | 4,721.40 | 4,024.00 |
| In fase di sviluppo | 774.2 | 387.3 | 440.7 | 315.4 |
| Cash | 892.8 | 419.1 | 63.8 | 46.3 |
| Passività totali | 5,579.80 | 4,182.10 | 3,483.10 | 3,676.60 |
| Loans | 1,131.30 | 2,352.30 | 2,677.80 | 2,129.60 |
| Obbligazioni | 3,381.70 | 1,042.00 | - | - |
| Patrimonio netto totale | 4,106.80 | 2,264.20 | 2,042.80 | 960.7 |
EPRA Earnings Metric
(in EUR millions)
| 2021 | 2020 | |
| Earnings per IFRS income statement | 1,025.94 | 252.12 |
| Adjustments to calculate EPRA Earnings, exclude: | ||
| Changes in value of investment properties, development properties held for investment and other interests | 1,100.57 | 152.16 |
| Profits or losses on disposal of investment properties, development properties held for investment and other interests | 2.23 | -0.93 |
| Profits or losses on sales of trading properties including impairment charges in respect of trading properties. | - | |
| Tax on profits or losses on disposals | -0.15 | - |
| Negative goodwill / goodwill impairment | - | - |
| Changes in fair value of financial instruments and associated close-out costs | 12.13 | -40.27 |
| Acquisition costs on share deals and non-controlling joint venture interests | -1.65 | - |
| Deferred tax in respect of EPRA adjustments | -227.9 | -14.23 |
| Adjustments (i) to (viii) above in respect of joint ventures (unless already included under proportional consolidation) | - | - |
| Non-controlling interests in respect of the above | - | - |
| EPRA Earnings | 140.7 | 155.4 |
| Average number of shares 1 | 383.41 | 336 |
| EPRA Earnings per Share (EPS) | 0.37 | 0.46 |
| Company specific adjustments: | ||
| Adjustment for rental income included in 2018 for sold portfolio to Deka | ||
| Impairment/depreciation on hotel portfolio and acquisitions | -5.66 | -6.12 |
| FX related to company restructuring, intra-group transfer of SPV's | -5.31 | 17.87 |
| Adjustment associated costs with establishment capital market structure 2 | -41.09 | -6.48 |
| Deferred tax in respect of Company specific adjustments | 6.65 | 1.16 |
| Company specific Adjusted Earnings | 186.11 | 148.97 |
| Company specific Adjusted EPS | 0.49 | 0.44 |
COMPANY SPECIFIC
ADJUSTED EPS
ADJUSTED EPS
2020: 0.44
EUR billion
0.49
