Investors Overview

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

Caa3

Date

09/02/2016 - 03/11/2022

Forecast

Negative

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 Conso FS HY2023

22 September, 2023

O1 Properties Financial Report 2022

29 May, 2023

O1 Properties Conso FS HY 2022

12 October, 2022

O1 Properties Financial Report 2021

05 May, 2022

View all

Sustainability
Report

The O1 Properties Sustainability Report covers main aspects of the Company's sustainability work, including corporate ethics, the company's impact on local communities, environmental initiatives and HR policy. The Report describes the Company’s main projects for aiding achievement of the United Nations’ Sustainable Development Goals (SDGs).

View our report