GTC reports stable FFO, net LTV rises in 2024

Globe Trade Centre S.A. (JSE: GTCE) announced its audited financial results for the year ended December 31, 2024, reporting stable Funds From Operations I (FFO I) at EUR 71m, with FFO per share at EUR 0.12. Rental revenues increased by 2% year-over-year to EUR 188m, driving a gross margin increase of 2% to EUR 131m. EPRA NTA stood at EUR 1.284m, or EUR 2.24 per share. Net Loan-to-Value (LTV) rose to 52.7%.