One United Properties, the main investor and real estate developer of sustainable residential projects, offices and state -of -the -art mixes, listed on the main market of the BVB under the symbol One, reported for 2024 a preliminary turnover of 1.4 billion lei, decreasing by 7% compared to the previous year, and a net profit of 381 million lei, minus 15%. The revenues from the residential segment amounted to 1.1 billion lei, registering a decrease of 2% compared to the previous year, as more and more projects have passed in the subsequent stages of construction, where the revenues are gradually recognized, the company representatives said on Thursday. In parallel, net revenues from residential properties increased by 6% compared to the previous year, reaching 324.1 million lei, reflecting higher sales margins, as developments progress and sales prices increase, which has translated into a higher net margin-from 26.9% to 20.23. From rents, which include both the revenues in the commercial segment and the services for tenants, increased by 18% compared to the previous year, reaching 151.4 million lei. The net revenues in the rents increased by 25% compared to the previous year, reaching 102.9 million lei, reflecting a higher employment rate and a strong demand from the tenants. Throughout 2024, One United Properties rented and pre-rented 12,850 square meters of office and retail spaces and has signed multiple contracts for an area of 7,120 square meters. The financial impact of these rentals will be reflected in the future increase of revenues from rents. Despite the significant development activity carried out on 13 ongoing sites, One United Properties closed 2024 with a cash position of 431.8 million lei, up to 3% compared to the previous year, supported by the strong revenues from sales and pre-sells, which have totaled 864.6 million successfully completed in the third quarter of 2024. The loan-to-Value indicator was 27% on December 31, 2024, an improvement of 1 point percentage compared to the previous year. The net debt at the end of 2024 was 615.6 million lei, representing only 11% of the total assets, which reached a historical record of 5.5 billion lei. «Despite the complex and challenging conditions in 2024, at the level of the sector in which we activate, we have registered solid results, while maintaining a 27%loan-toe loan-Value indicator. Undoubtedly, these achievements would not have been possible without the support of our shareholders, whose confidence stimulated our expansion. In 2024, we managed to successfully attract 340.1 million lei from investors, a capital that will allow us to expand the business even more efficiently and use new opportunities. 2025 will be the most active year in our history, with record deliveries and an additional growth of our commercial portfolio ”, says Victor Captain, Co-Ceo of One United Properties. On December 31, 2024, One United Properties had 13 construction developments, comprising 4,041 residential units, 22,000 square meters of office spaces and 21,000 square meters of commercial spaces, with a gross development value (GDV) of 1.5 billion euros. At the end of last year, 74% of the total available units – either in development or already delivered – were sold. In 2025, One United Properties estimates the delivery of 2,300 units, making it the most ambitious year of deliveries in the company's history. «The gross value of total development of our constructions amounts to 1.5 billion euros, the equivalent of 1.7% of the Bucharest GDP in 2024, without taking into account the multiplier effect of the entire supply chain and all the parties involved. In 2025, the most ambitious year to date for us, we are aimed at the delivery of 2,300 new units, the equivalent of the volume developed in the last decade, also strengthening the expansion of our commercial portfolio ”, adds Andrei Diaconescu, Co-CEO of One United Properties. At the end of 2024, One United Properties owned or concluded purchase pre-contracts for 285,100 square meters of land for further development, with gross overprains (GBA) of approximately 988,000 square meters. All these plots are currently in the planning phase, having a total gross value estimated at 1.8 billion euros. On these, One United Properties estimates the construction of 7,000 apartments, communities services and 146,000 square meters of commercial buildings for rent. Of the commercial buildings, 121,000 square meters will be destined for office spaces, and the remaining 25,000 square meters are restored buildings. One United Properties has 2.27 billion lei and is controlled in equal proportions of 25.10% by Liviu Holding Invest and Vinci Verc Holding, investment vehicles of the founders Andrei Diaconescu and Victor Căpitanu. One shares registered a decrease of 4.19% from the beginning of this year, against the background of transactions of almost 40 million lei, respectively a decrease of 46.13% in the last year, on transactions of 539 million lei, BVB data shows.
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