Meta Estate Trust, a holding company active in the real estate sector, continued its good financial results in the first quarter of 2024, achieving a net profit of RON 2 million in line with the recently approved 2024 budget. The company’s focus for the first part of 2024 was restructuring the investment portfolio for adequate securitization and reduction of significant exposures.
The turnover related to this quarter is RON 3.41 million, representing 47 percent of total revenues, generated predominantly by the sales of residential real estate units in Bucharest owned in the Mobexpert Homes and Parcului projects.
In line with the 2024 strategy, in the first quarter, Meta Estate Trust’s management team closely monitored the investment portfolio and restructured several real estate projects in order to further secure current investments and strategically position themselves for future exits. The stake was to balance the investment risk on the business lines. In this sense, we carried out two operations in the first quarter through which we secured our position in a strategic investment in Poiana Bra╚Щov and took over 10 apartments from the Noa Pajura project, of which 9 units are already pre-contracted by end customers,” he said Alexandru Bonea, CEO of Meta Estate Trust.
