NEPI Rockcastle reported a 12.6% increase in net operating income (NOI) to €152m in Q1 2025, driven by 2024 Polish acquisitions and asset management initiatives, with like-for-like NOI up 5%. Tenant sales grew 3.7% (like-for-like, excluding hypermarkets), with a 9.7% rise in average basket size, despite a 0.7% drop in footfall due to Easter timing and a warm winter. The company maintained a strong balance sheet with a 31.2% loan-to-value ratio, €1.2 billion in liquidity, and no major debt maturities until October 2026.
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