on Instone Real Estate Group AG (isin : DE000A2NBX80)
Instone Real Estate Group Announces EUR 0.50 Dividend Per Share
At its Annual General Meeting, Instone Real Estate Group SE resolved to distribute a dividend of EUR 0.50 per share. The meeting took place in Essen, Germany, where the company's strong financial performance was highlighted. Instone sold 702 apartments in 2024, achieving sales of EUR 330.2 million, a 56% increase from the previous year.
CEO Kruno Crepulja emphasized the strong financial position of Instone, with a profitability underscored by a 22.6% adjusted gross profit margin. The company anticipates a positive outlook for 2025, forecasting sales exceeding EUR 500 million. Falling property prices present additional acquisition opportunities.
Instone’s subsidiary, nyoo, plays a crucial role in driving growth in the mid-price segment. It aims to provide affordable housing while maintaining high standards of quality and sustainability. The company's commitment to sustainability is evident with 94.7% of project sales meeting EU taxonomy requirements.
R. P.
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