The property assets rose by 8% to € 530 m (net of disposals, acquisitions, project development investments and appreciation). Gross revenues also increased, by 52%, from € 31.3 m to € 47.6 m. The NOI reached € 34 m, which corresponds to 71% of gross revenues or 6.7% of the portfolio’s market value. The EBITDA advanced by 55% to € 32 m. The operating result (EBIT) climbed by 6% to close at € 63.8 m, and the consolidated net income increased to € 47.8 m despite appreciably higher deferred taxes. The operating cash flow increased by 42% to
€ 26.9 m.