- Total income of USD 248.9 million (June 30, 2021: USD 113.2 million; +119.9%)
- Total realized income of USD 91.1 million (June 30, 2021: USD 71.1 million; +28.1%)
- Net gain from fair value adjustment of USD 178.4 million (June 30, 2021: USD 54.8 million; +225.6%)
- Realized gain on disposal of properties of USD 20.6 million
- Property portfolio value tops USD 1.602 billion as of June 30, 2022 (December 31, 2021: USD 1.412 billion; +13.5%)
- Operating profit with revaluation of USD 203.4 million (June 30, 2021: USD 75.6 million; +168.9%)
- Profit for the period of USD 145.5 million (June 30, 2021: USD 48.7 million; +198.9%)
- EBITDA of USD 45.5 million (June 30, 2021: USD 33.5 million; +35.7%)
- Funds from operations (FFO[1]) of USD 13.3 million (June 30, 2020: USD 11.8 million;
+13.2%) - Earnings per share of USD 14.37 (June 30, 2021: USD 4.81; 198.9%)
- NAV per share of USD 62.05 (December 31, 2021: USD 50.79; + 22.2%)
- Varia US is well positioned and equipped with its strategy of growth to face the next months and to benefit from the current unbalance of supply and demand in property
Manuel Leuthold, Chairman of the Board of Directors of Varia US, said: “We are very pleased to present excellent results, and a strong performance in the first half of 2022 to Varia US’ investors. These results reflect the strong and growing financial performance of the portfolio despite the complicated times we have collectively experienced since the beginning of the year. We intend to continue our strategy of organic growth in the portfolio over the next few months, and Varia US is well positioned and equipped to do so.”