O1 Properties is one of the largest owners of class-A office real estate in Moscow. The Company owns and manages a portfolio of 12 working office centres located in prime business areas of Russia’s capital with total net rentable area  of 478,000 sq.m.*

*including assets under management 


Key operating and financial figures

 201320142015201620172018
 
NRA¹ 468 487 501 521 535 478
Occupancy¹ 95% 92%  86% 86%  86% 89%
WAULT¹ 4.5x  4.1x  4.0x  4.0x 4,0 x 3,3x
Rental Revenue 342 412   368 316  315 274
Net Rental Income 292  351 325   284 259 220
Margin(%) 85.5% 85.2%   88.3%  89,8% 82,2% 80,4%
EBITDA 253 315   308 265 233 191
Margin(%) 75.4% 76.4%  83.8%   83,7% 70,41% 69,7%
Investment Property²  4 220  4 060  3 739  3 702 3 622 3 219
o/w Development²  52 41 31 84 36 24
Total Assets 4 681 4 440 4 282 4 242 4 227 3 635
Net Debt 2 706 2 612 2 639 2 787 2 994 2 914
Book Equity 1 588 1 184 1 075 995 909 332
FCCR(x)³ 1.74 x 1.69 x 1.67 x 1.41 x 1,43x 1,06x
LTV(%)⁴ 59% 61% 65% 67% 72% 81%

¹  Including objects under management.
²  As per CBRE valuation (prior to 2016 Cushman & Wakefield valuation) before IFRS adjustments.
³  FCCR is calculated as EBITDA divided by Fixed Charges (i.e. Interest Paid less Finance Income).
⁴  LTV is calculated as Net Debt / (Total Assets – Cash).