One United Properties sees RON 627.7 million turnover and RON 239.3 million profit
One United Properties posts a record turnover of RON 627.7 million in the first nine months of 2021, an 87 percent increase compared to the same period of 2020. After closing Q3 2021, the best quarter in the company’s history, the gross profit for nine months surged to RON 239.3 million, a 186 percent year-on-year increase.
“We closed the third quarter of 2021 with record residential sales and an exceptional cash position of over RON 604 million. The net margin from residential sales reached 38 percent in Q3 2021, a significant increase compared to 32 percent registered for the first half of the year, while our loan to value ratio decreased by 7 percentage points, down to 23 percent as of September 30th, 2021. Our office division continues growing strong as we reached an 84 percent lease threshold for One Tower and 75 percent for the first phase of One Cotroceni Park, which will be delivered next month. One United Properties has been thriving this year, and the boost we got from our IPO is setting excellent premises for a solid last quarter of the year and a continued, strong performance for the years to come,” said Victor Capitanu, co-founder of One United Properties.
Revenues from the residential segment reached RON 521.9 million in the first nine months of 2021, a 57 percent increase compared to the same period of last year. In the first three quarters of 2021, One United Properties sold and pre-sold 569 apartments with a total surface of 50,873 sqm, 721 parking spaces and 42 commercial spaces and other units for a total of EUR 153 million. In the same period of 2020, the Group sold 125 apartments, with a total surface of 20,677 sqm, 147 parking spaces and 4 commercial spaces and other units for a total of EUR 59.8 million.