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Investing.com -- CTP NV has announced a bold new growth strategy during its recent Capital Markets Day, setting a target to reach 30 million square meters of gross leasable area (GLA) by fiscal year 2030.
The company expressed optimism about favorable conditions in its core Central and Eastern European markets, leading to the establishment of this ambitious "30-30" plan. To achieve this goal, CTP will need to raise approximately €2 billion annually through a combination of debt and equity financing.
The property firm has refined its FY25 guidance for GLA deliveries from the previous range of 1.2-1.7 million square meters to a narrower range of 1.3-1.6 million square meters. Additionally, CTP introduced new FY26 guidance targeting 1.4-1.7 million square meters of deliveries.
CTP’s expansion strategy involves delivering approximately 2 million square meters from its existing land bank, supplemented by acquisitions of additional sites to meet the 2030 target.
The company reaffirmed its adjusted EPRA earnings per share target of €0.86-0.88 for FY25, noting that the majority of interest expense pressures have now been absorbed. CTP anticipates resuming double-digit EPS growth from FY26, following projected growth of 8-10% in FY25.
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