• GAV increased 197% last year, amounting to more than €916 million

• The portfolio occupancy rate stood at 97.9% at the end of March, an increase of 3.43% on a like-for-like basis

• The Castellana Board of Directors has agreed to distribute to its shareholders €0.39 per share, as a standardized dividend, of which €0.21 will be paid in May 2019. In total, it represents 87% of the FFO (Funds from Operations)

• The company has 17 assets in its portfolio, including shopping centres, retail parks and offices comprising a total gross lettable area (GLA) of 317,106 m²

Castellana Properties, specialist in the acquisition, management and rehabilitation of retail real estate assets, and that is listed in the Alternative Equity Market (MAB), has published today its results for the 12-month period from 1 April 2018 to 31 March 2019. The company has generated a net profit of €46.5 million and an EBITDA of €28 million.

Castellana Properties currently holds 17 assets in its portfolio, including shopping malls, retail parks and offices comprising 317,106 m² of GLA in total, after the merger and renovation of the Granaita Retail Park, whose investment amounted to €5.5 million. Granaita, with a GLA of more than 104,000 m², is currently the largest shopping and leisure park in Granada, which reopened in March 2019 with an attractive Return On Investment (ROI) of 10.8%. In the last year Castellana Properties has carried out 5 strategic acquisitions of shopping centres that have reinforced the company's positioning in its commitment to retail: El Faro (Badajoz), Bahía Sur (Cádiz), Los Arcos (Seville), Vallsur (Valladolid) and Habaneras (Torrevieja).

At the close of the financial year debt was €423 million with a loan to value (LTV) of 46.2%. Castellana also further improved the diversification of its sources of financing. Castellana Properties GAV, which increased 197% over last year, amounts to €916 million and the net value (EPRA NAV) to €500 million. The GAV figure has therefore increased by more than €608 million, driven mainly by strategic acquisitions of new assets for €576.6 million and by the positive revaluation of its existing assets by more than €25 million, mainly due to active and focused asset management by the Castellana management team.

The occupancy rate at the end of March was 97.9%, an increase of 3.43% for the year. Further to this, in the last 12 months the company has signed 61 new leases, which have generated an additional annualized NOI of €1.6 million. At the end of March 2019, gross rental income (GRI) amounted to €34.3 million.