Our Strategy
100% Moscow
100% Office
90/10 Ratio
between operating projects and development projects
The strategy of O1 Properties is to invest exclusively in high-quality office properties in the Russian capital.

More than 90% of the Company's assets are operating buildings that generate lease income. The share of development projects is no greater than 10%.

We adhere strictly to principles of sustainable development. O1 Properties has been a member of the National Network of the UN Global Compact since 2019 and we became an office partner of the National Network in 2020.

The Company has published an annual Sustainability Report since 2019 outlining its key business principles, including corporate governance, anti-corruption, environmental awareness, human rights policies, and employee development.

Ratings
Name
Moody's
Rating
Caa2
Date
09/02/2016 - 02/19/2020
Forecast
Stable
Financials
  • NRA¹
  • Occupancy¹
  • WAULT¹
  • Rental Revenue
  • Net Rental Income
  • Margin(%)
  • EBITDA
  • Margin(%)
  • Investment Property²
  • o/w Development²
  • Total Assets
  • Net Debt
  • Book Equity
  • FCCR(x)³
  • LTV(%)⁴
2013
  • 468
  • 95%
  • 4.5x
  • 10,885
  • 9,306
  • 85.5%
  • 8,208
  • 75.4%
  • 138,101
  • 1,692
  • 153,211
  • 88,563
  • 51,987
  • 1.74 x
  • 59%
2014
  • 487
  • 92%
  • 4.1x
  • 15,848
  • 13,497
  • 85.2%
  • 12,112
  • 76.4%
  • 228,387
  • 2,307
  • 249,764
  • 146,963
  • 66,601
  • 1.69 x
  • 61%
2015
  • 501
  • 86%
  • 4.0x
  • 22,443
  • 19,826
  • 88.3%
  • 18,802
  • 83.8%
  • 272,516
  • 2,230
  • 312,058
  • 192,323
  • 78,379
  • 1.67 x
  • 65%
2016
  • 521
  • 86%
  • 4.0x
  • 21,196
  • 19,025
  • 89.8%
  • 17,737
  • 83.7%
  • 224,537
  • 5,074
  • 257,278
  • 169,059
  • 60,365
  • 1.41 x
  • 67%
2017
  • 535
  • 86%
  • 4.0 x
  • 18,383
  • 15,102
  • 82.2%
  • 13,621
  • 74.1%
  • 208,643
  • 2,049
  • 243,499
  • 172,471
  • 52,387
  • 1,43x
  • 72%
2018
  • 478
  • 89%
  • 3.3x
  • 17,158
  • 13,794
  • 80.4%
  • 11,951
  • 69.7%
  • 223,641
  • 1,669
  • 255,870
  • 202,424
  • 23,041
  • 1,06x
  • 80%
2019
  • 478
  • 93%
  • 3.4x
  • 18,155
  • 15,423
  • 85.0%
  • 13,317
  • 73.3%
  • 192,780
  • 1,584
  • 224,359
  • 192,244
  • 6,462
  • 1.28x
  • 87%
2020
  • 479
  • 89%
  • 3.1x
  • 17,843
  • 14,333
  • 80.3%
  • 12,633
  • 70.8%
  • 191,621
  • 1,585
  • 221,012
  • 220,626
  • -29,139
  • 2.73x
  • 92%
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).

We understand the importance of a clear corporate governance structure and transparent business practices.

Reports &
Presentations
O1 Properties Financial Report 2020
O1 Properties Financial Report 2020
30 April, 2021
O1 Properties Presentation October 2020
O1 Properties Presentation October 2020
01 October, 2020
O1 Properties FS HY2020
O1 Properties FS HY2020
30 September, 2020
Investor Relations
Contacts