Predict your next investment

Corporation
cpifimsa.com

See what CB Insights has to offer

About CPI FIM

CPI FIM delivers a real estate development company based in Luxembourg.

CPI FIM Headquarter Location

40, rue de la Valle

Luxembourg, 2661,

Luxembourg

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest CPI FIM News

CPI FIM SA reports financial results for the first quarter of 2020

May 29, 2020

  * Including net foreign exchange gains and losses (including valuation gains classified within valuation gain under IFRS), share of profit of equity accounted investees and other financial gains and losses. Gross rental income In 2020, gross rental income increased due to the Group’s acquisition of offices in Warsaw, Poland during 2019. Similarly, there was an increase in cost of service charges and property operating expenses. Interest income and expense Interest income increased from €34.4 million to €38.6 million in the three months period ended 31 March 2020. The increase reflects the increase of loans provided by the Group to related parties. Interest expense increased from €15.2 million to €32.1 million the three months ended 31 March 2020. The increase reflects the increase of loans received by the Group primarily from the parent company. Other net financial result Other net financial result in the three-months ended 31 March 2020 represented primarily: foreign exchange losses of €147.6 million from retranslation of the loans provided to related parties in foreign currencies; and the valuation gain of €51.4 million due to retranslation of the Group’s portfolio valued in EUR but denominated in foreign currencies (CZK, HUF and PLN). Balance sheet Total assets and total liabilities Total assets increased by €463.6 million (8.8%) to €5,707.6 million as at 31 March 2020, the majority of which was due to an increase of long-term loans provided to CPIPG. Total liabilities increased by €605.8 million (14.3 %) to €4,851.9 million as at 31 March 2020. The increase was driven by additional drawdowns of loans to CPIPG of €549.0 million. EPRA Net Asset Value The EPRA Net Asset Value per share as at 31 March 2020 is €0.54 compared to €0.66 as at 31 December 2019. The EPRA Triple NAV as at 31 March 2020 is €0.51 per share compared to €0.63 as at 31 December 2019. The calculation is in compliance with the EPRA (European Public Real Estate Associations) “Triple Net Asset Value per share”. Fax: + 352 26 47 67 67 GLOSSARY The Group presents alternative performance measures (APMs). The APMs used in this press release are commonly referred to and analysed amongst professionals participating in the Real Estate Sector to reflect the underlying business performance and to enhance comparability both between different companies in the sector and between different financial periods. APMs should not be considered as a substitute for measures of performance in accordance with the IFRS. The presentation of APMs in the Real Estate Sector is considered advantageous by various participants, including banks, analysts, bondholders and other users of financial information: APMs provide additional helpful and useful information in a concise and practical manner. APMs are commonly used by senior management and Board of Directors for their decisions and setting of mid and long-term strategy of the Group and assist in discussion with outside parties. APMs in some cases might better reflect key trends in the Group’s performance which are specific to that sector, i.e. APMs are a way for the management to highlight the key value drivers within the business that may not be obvious in the consolidated financial statements. • EPRA Net Asset Value per share EPRA Net Asset Value per share is defined as EPRA NAV divided by the diluted number of shares at the end of period. EPRA NAV EPRA NAV is a measure of the fair value of net assets assuming a normal investment property company business model. Accordingly, there is an assumption of owning and operating investment property for the long term. For this reason, deferred taxes on property revaluations and the fair value of deferred tax liabilities are excluded as the investment property is not expected to be sold and the tax liability is not expected to materialize. In addition, the fair value of financial instruments which the company intends to hold to maturity is excluded as these will cancel out on settlement. All other assets including trading property, finance leases, and investments reported at cost are adjusted to fair value. The performance indicator has been prepared in accordance with best practices as defined by EPRA (European Public Real Estate Association) in its Best Practices Recommendations guide, available on EPRA’s website ( www.epra.com ). Equity ratio Equity Ratio provides a general assessment of financial risk undertaken. It is calculated as Total Equity divided by Total Assets. Gross Leasable Area Gross leasable area (GLA) is the amount of floor space available to be rented. Gross leasable area is the area for which tenants pay rent, and thus the area that produces income for the property owner. Occupancy rate Property Portfolio Property Portfolio covers all properties held by the Group, independent of the balance sheet classification, from which the Group incurs rental or other operating income. APM reconciliation

CPI FIM Acquisitions

1 Acquisition

CPI FIM acquired 1 company. Their latest acquisition was Eurocentrum on November 27, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/27/2019

Acquired

1

Date

11/27/2019

Investment Stage

Companies

Valuation

Total Funding

Note

Acquired

Sources

1

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.