Log CP's profit rises
Published 4 months ago · Real Estate
Reading time: 30s · Source 47s · · globo.com
Sentiment: · · ·businesses: Log CP
- Log CP reported a net profit of R$ 100.1 million in Q4, a 36.6% increase compared to the same period in 2023.
- EBITDA rose by 124.7% to R$ 142.6 million.
- Net revenue increased by 17.5% to R$ 55.9 million, with a stable gross margin of 97.6%.
- The company ended the year with 951.9 thousand square meters of gross leasable area, a decrease of 4.6% year-on-year.
- The average rental ticket increased by 10.6% to R$ 21.76, while the stabilized vacancy rate remained unchanged at 0.65%.
- In 2024, Log CP achieved a net profit of R$ 344.4 million, up 76.6%, with EBITDA reaching R$ 493.6 million, an increase of 86.2%.
- Net revenue slightly decreased by 0.2% in 2024 to R$ 219.7 million.
- The adjusted net debt to EBITDA ratio improved from 1.87 times to 0.81 times.
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