Three Consecutive Years of Positive Growth for Meta Estate Trust: Net Profit of Nearly 11 Million Leiin 2024, a 15% Increase

• Total revenues increased by 22% in 2024, reaching 34.5 million lei

• Total assets grew by 11%, reaching 121.7 million lei

• In 2025, the company aims to simplify its capital structure and initiate the process of transferring from the AeRO market to the BVB Main Market



Bucharest, March 31, 2025

Meta Estate Trust (stock symbol: MET), a holding company operating in the real estate sector and acting as a bridge between the real estate market and the capital market, reports solid financial results for 2024, with a net profit of 10.8 million lei, a 15% increase compared to 2023, and a return on equity (ROE) of 10%. This marks the third consecutive year since its listing on the Bucharest Stock Exchange that the company has reported solid annual financial results and the first time it has exceeded the 10% ROE threshold.

"For the third consecutive year, Meta Estate Trust has maintained its growth trajectory, recording a 15% increase in net profit in 2024, despite the challenges in the real estate sector. This significant growth was achieved through meticulous portfolio management, careful monitoring, and timely restructuring of portfolio investments, over-collateralization of certain projects, and preparation of exits for the coming period, all while achieving the targeted investment returns for the risk profile of these investments.

The Meta team closely monitors real estate market opportunities, particularly in the residential sector, where sales remained strong in 2024. The company successfully capitalized on all available units at the beginning of the year and contracted new high-potential projects," said Alexandru Bonea, CEO of Meta Estate Trust.

The company also reported a turnover of 13.2 million lei, a 7% increase from 2023, and a 22% growth in total revenues, reaching 34.5 million lei. Operating revenues in 2024 amounted to 25.5 million lei, up 32% from the previous year. Meta Estate Trust’s investment portfolio grew by 9% in 2024, reaching 110 million lei.

The total assets of Meta Estate Trust recorded an organic growth of 11%, reaching 121.7 million lei in 2024, while the debt ratio remained low at 6.9%, according to the company's annual report published on March 28. The MET stock price continued its downward trend, recording a 5.7% decline, leading to a 40.7% discount between the trading value and the book value. Despite this, the stock price has found stability, with a P/E ratio of 6.2, indicating significant long-term growth potential.



2024 Financial Performance Across Three Business Lines:

Co-Development Investment Line: This involves partnerships with real estate developers in development projects. Meta Estate Trust has already secured successful investments such as The Level Apartments Phase II, Ion Dragalina 21, and Eforie Sud. This business line focuses on providing preferential equity capital strictly for project development. Each investment undergoes a thorough financial, legal, and commercial due diligence process to minimize risk, with a target annualized return of 20-30%.


Trading Investment Line: This involves acquiring apartment packages in various stages of development and reselling them upon project completion. Meta Estate Trust has achieved remarkable results in this segment, with IRRs ranging from 15% to 40%. As a passive partner, the company benefits from stronger negotiation power, enabling it to acquire larger property packages at discounted prices.


Recurring Revenue Asset Investment Line: This involves acquiring commercial assets that generate recurring rental income. Meta Estate Trust has invested in residential and hospitality markets through Swissôtel, as well as in retail through Penny. This strategy includes direct asset ownership and management of rental income. Performance in this segment is driven by acquiring assets at attractive yields (8-9%) and leveraging bank financing to maximize equity returns. The long-term lease contracts provide predictable cash flows, minimizing investment risk and balancing the portfolio.


2025 Strategic Outlook

The year 2025 began with a program for repurchasing preferred shares, approved by shareholders in December 2024.

"Through this operation, we aim to optimize our capital structure by reducing the preferred share class. These shares were initially allocated to early Meta investors as a reward for their trust and commitment at the project’s inception. The buyback is correlated with a capital increase through the conversion of the related debt at a price of 2.8 RON per share.

The capital increase is a crucial step in strengthening the company’s presence in the capital market. This decision is part of a broader strategy to enhance transparency, improve liquidity, and consolidate interest in MET shares. In this regard, we continue implementing shareholder-approved measures, including capital increases and preparing the company for transitioning to the regulated market of the Bucharest Stock Exchange," stated Bogdan Gramanschi, CFO of Meta Estate Trust.

Although 2025 is expected to be a dynamic year, marked by ongoing economic and geopolitical uncertainties, the local real estate market remains attractive, with predictable trends in Bucharest's residential sector and retail projects nationwide. These sectors will be the primary focus of Meta Estate Trust’s 2025 investments, while the hospitality segment will continue to be a strategic component aimed at maximizing long-term returns.

"The real estate market requires long-term planning, and from a financial perspective, 2025 will be a year of stabilization and entry into new investments that will prepare our portfolio for the coming financial years. We will continue to balance risk and opportunity, leveraging the Bucharest residential market to maximize returns while using the commercial market to mitigate risk. Additionally, we will utilize the bankability of income-generating commercial assets as a tool for accelerated asset growth through long-term financing," said Alexandru Bonea, CEO of Meta Estate Trust.



About Meta Estate Trust

Meta Estate Trust is a holding company operating in the real estate sector, founded in March 2021 by a group of Romanian entrepreneurs with expertise in real estate and capital markets. Since August 29, 2022, Meta Estate Trust has been listed on the Bucharest Stock Exchange’s AeRO market under the ticker MET. As of March 20, 2023, MET shares have been included in the BETAeRO index. The company’s investment strategy is based on a mix of different investment types, with varying risk and return profiles, ensuring a diversified and flexible portfolio that can adapt to market cycles.