Atrium European Real Estate saw net income from its retail park at Militari Shopping Center fall by 3.5% to €6.6m.
It said the drop was because of discounts it offered to tenants of the scheme. Gross revenues at Militari fell to a similar degree from €7.8m to €7m.
Atrium announced that its Romanian portfolio of properties were now valued at €71.3m, up from €68.9m in 2010.
The fund has properties in Poland, the Czech Republic, Slovakia, Russia, Hungary and Romania.
Militari Shopping Center, which opened in 2003, covers 51,400 sqm and is located in the Western part of Bucharest.
