The revenue of JSC “Commercial Real Estate FPK Garant-Invest” for 9 months of 2023 amounted to 2,182 million rubles, which is 6.5% higher than the level of the same period last year. As Rosbalt was informed by the company’s press service, in the third quarter, a record revenue was received in the entire history of its existence – it reached 738 million rubles, an increase of 6.4% (LFL).
The level of coverage of current liabilities by liquid assets also increased and exceeded 1.4 at the end of the 3rd quarter. 2023, “which indicates the company’s sustainable ability to service its debt even with an increase in the key rate of the Central Bank of the Russian Federation,” the press service noted.
Attendance at the Garant-Invest shopping center increased by 11.4% compared to the same period in 2022 and amounted to 28.4 million people, which is again the highest figure in the entire history of the company.
Vacancy of the shopping center FPK “Garant-Invest” at the end of the 3rd quarter. 2023 amounted to a minimum of 2.3%, which is significantly lower than the average for the Moscow market (according to the consulting company Nikoliers, it amounted to 11.9%).
In 3 sq. In 2023, the company acquired two new assets. As part of the investment program, an office building in the center of Moscow was purchased, as well as a land plot for the construction of a community center and residential complex in the city of Lyubertsy in the Moscow region. In addition, the construction of the WESTMALL mixed-use complex in the west of Moscow is being completed.
VBB.ru, forecast “Stable” – current credit ratings of the issuer JSC “Commercial Real Estate FPC Garant-Invest” from two rating agencies NKR and NRA. On September 7, 2023, the National Rating Agency (NRA) assigned the next issue of exchange-traded bonds “Commercial Real Estate FPC Garant-Invest” a credit rating at the level of “ВВВ|ru|” according to the national rating scale. In September 2023, FPC Garant-Invest was included in the “ESG Index, Level II” of the RBC news agency along with such companies. like ALROSA, UralChem, Skolkovo, VK, Raspadskaya, Samolet group, etc.
As noted in the press service of FPC Garant-Invest, an increase in the key rate has a negative impact on the entire Russian economy, but for the company, firstly, a rate of 15% was initially included in the plan for the second half of the year, and secondly, even at a rate of 20 % a year ago, the company’s enterprises fulfilled their obligations to investors and creditors; thirdly, increased inflation provides significant additional income through receiving a percentage from the turnover of tenants. “Like all Russian businessmen, we hope that the increase in the key rate is temporary and cyclical in nature and we count on its stabilization and gradual reduction in the future,” noted FPC Garant-Invest.
Source: Rosbalt
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