According to the latest fundamental analysis report issued by the brokers at Goldring, the shares of Meta Estate Trust, a holding company operating in the real estate sector, could reach the range of 0.82 – 0.90 lei over the next 12 months, with the main premises being the reported financial results, the investment strategy, as well as the current context specific to the real estate sector.
The target range corresponds to a growth potential of up to 27% compared to the current quotation (0.71 lei – June 18, 2024).
In the first three months of 2024, META ESTATE TRUST reported revenues three times higher than in the same period last year, with the largest share represented by operating income, namely 66% of total revenues.
Turnover, accounting for 47% of total revenues, was generated mainly, according to the administrators’ report, by sales of residential real estate units in Bucharest, belonging to the Mobexpert Homes and Parcului projects.
Meta Estate Trust has completed the sale of all apartments and parking spaces within the Parcului 20 project, thus marking its full exit from this real estate project.
Structure of the investment portfolio by business lines
Partnerships represent a significant share of the issuer’s total investment portfolio, 41% in the first quarter of 2023 and 45% in the first quarter of this year, representing investments in early-phase projects. At the same time, a considerable share is held by Early Stage projects, namely 34% of the total value of the investment portfolio.
Investment strategy MET
The proposed strategy for the next five years takes into account a robust business plan, based on a positive trend in real estate sector demand, as well as the accelerated development of the issuer.
Budget 2024
For the year 2024, the issuer aims to achieve operating revenues of 22.5 million lei, approximately 17% higher compared to the results reported at the end of 2023.
In addition, the forecasted net result targets an increase of approximately 12% compared to the 2023 net result. So far, META ESTATE has achieved 22% of the projected operating result, and approximately 19% of the budgeted net result for 2024.
