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

 20132014201520162017
 
NRA¹ 468 487 501 521 535
Occupancy¹ 95% 92%  86% 86%  86%
WAULT¹ 4.5x  4.1x  4.0x  4.0x 4,0 x
Rental Revenue 342 412   368 316  315
Net Rental Income 292  351 325   284 259
Margin(%) 85.50% 85.20%   88.30%  89,80% 82,20%
EBITDA 253 315   308 264 222
Margin(%) 73.90% 76.30%  83.60%   83,60% 70,40%
Investment Property²  4 220  4 060  3 739  3 702 3 622
o/w Development²  52 41 31 84 36
Total Assets 4 681 4 440 4 282 4 242 4 227
Net Debt 2 706 2 612 2 639 2 787 2 994
Book Equity 1 588 1 184 1 075 995 909
FCCR(x)³ 1.71 x 1.69 x 1.83 x 1.46 x 1,36x
LTV(%)⁴ 59% 61% 65% 67% 72%

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).