NEPI Rockcastle almost doubled its profit in 2022, a year that was no longer marked by the pandemic and periods of shopping center closures. In addition to the rent money, the company earned EUR 142 million from property appreciation.
NEPI Rockcastle made a profit of EUR 435 million after tax last year, EUR 200 million more than the result in 2021, according to the company’s financial data. The developer’s net rental income was EUR 405 million last year, up 17 percent from 2021.
Beauty retailers saw the biggest increases, up 33 percent compared to 2019, followed by clothing retailers, up 24 percent. The only category that seems to have not recovered from the pandemic is the entertainment segment, where incomes were 45 percent lower than in 2019.
