The earnings are "pro forma" which show profit and loss according to the cost model and serve as the basis for Graphisoft Park's dividend. As the local form of a real estate investment trust (REIT), the company pays 90pc of its pro forma earnings as dividend.

Rental revenue edged up 3pc to EUR 12,990,000.

The occupancy rate at the park was 94pc at the end of Q3, down from 95pc at the end of Q2, but still "significantly higher" than the Budapest office market average where the vacancy rate reached 14pc.

Graphisoft Park raised guidance for full-year revenue to EUR 17,200,000. Reckoning with the risk of vacancies and rent discounts, Graphisoft Park said rental revenue was expected to be around EUR 16,700,000 in 2025, while net profit could reach EUR 7,000,000.

The estimated fair value of Graphisoft Park's real estate portfolio stood at EUR 229,082,000 at the end of September.
 

Source: 
MTI - The Hungarian News Agency, founded in 1881.

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