• Meta Estate Trust achieved revenues of over 6.3 million lei in the first 6 months of 2023, up 60% compared to the same period last year;


  • The company received the equivalent in lei of 3.4 million euros from transactions;


  • Gross profit of 3.4 million lei recorded in the first six months is five times higher compared to the same period last year.


Meta Estate Trust, (stock symbol MET), a holding company operating in the real estate sector, has obtained in the first 6 months of 2023 revenues of over 6.3 million lei, up 60% compared to the same period last year. At the same time, Meta Estate Trust collected the equivalent in lei of approx. 3.4 million euro from transactions, realizing a total exit from 2 investment projects and a partial exit from 4 others. The gross margin on investments exited in the first half of 2023, before overheads, stood at 3.8 million lei. The gross profit of 3.4 million lei recorded is five times higher than in the same period last year. Total assets exceeded 100 million lei at the end of H1.


Alexandru Bonea, CEO Meta Estate Trust:


"In a challenging market environment, Meta Estate Trust's business model has proven its performance. In the first 6 months of 2023, we invested over 4.8 million euros in 8 investment projects, including 4 new projects in Bucharest, Constanta and Brasov. We benefit from a good cash position and will continue to invest in new market opportunities. We are working to adjust the company's strategy with the objective of increasing returns on portfolio investments and further minimizing investment risks."


Meta Estate Trust's medium-term development strategy has as main objectives to achieve an attractive investment return for shareholders (ROE 15% annualized over 2-3 year cycles), scale up the business model to the €100 million total assets threshold and transfer to the Main Market of the Bucharest Stock Exchange.


Tudor Cartianu, President CA Meta Estate Trust:


"The residential market in Romania has been going through a period of stagnation in terms of transaction volume, influenced by rising financing costs, a decrease in the number and volume of mortgage loans granted to the population, as well as inflation which has affected purchasing power and disposable income. I believe that within the current framework of the real estate sector in Romania and even in the region that there is room for Meta Estate Trust to grow and achieve its objectives. "