Echo Polska Properties with €3.14 profit per share

Echo Properties Polska (EPP), REIT-like investment vehicle minority owned by WSE-listed Echo Investment, had a €3.14 profit per share in the last four months of 2016. The result exceeded by 2.2 percent forecasts presented before its market debut. “Asset management initiatives and the accretive benefits of all post-listing acquisitions ensure that EPP remains on track to achieve our forecast distributions for the full year to December 2017,” EPP CEO Hedley Dean said. EPP manages a property portfolio worth €1.4 bln, up by 17 percent since its listing on the Johannesburg and Luxembourg bourses. Echo Polska Properties is a Dutch dual listed real estate investment company that follows the REIT formula, investing in commercial office, retail, and industrial properties throughout Poland. With a current portfolio that includes 10 office, 10 retail projects and one retail development site in the Warsaw city center, totaling 636,170 sqm.