BriQ Properties Real Estate Investment Company
BRIQ.AT
Athens Stock Exchange3.12
EUR
+0.05
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BriQ Properties Real Estate Investment Company
BRIQ.AT
(Athens Stock Exchange)
Recent
price
3.12
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- BriQ Properties Real Estate Investment Company (BRIQ.AT) is a Greece-based real estate investment company (REIC) that acquires, owns, develops, and manages a diversified portfolio of commercial properties, including offices and mixed-use buildings, logistics and warehouse facilities, retail and supermarket spaces, hotels, and special-use properties; key assets encompass a 58,642 sqm logistics center in Aspropyrgos leased to Sarmed Logistics, a 44,492 sqm logistics facility along Attiki Odos leased to Iron Mountain and Info Quest Technologies, office buildings on Kifisias Avenue and Nikolaou Zekakou Street leased to GlaxoSmithKline, JP Morgan, and Friesland, retail properties such as a 4,408 sqm supermarket in Pikermi leased to Sklavenitis and a Herakleion store leased to H&M, and hotels like the 137-bed Mr & Mrs White Hotel on Paros and the 168-bed Radisson Resort Plaza Skiathos operated by Hotel Brain. Founded in 2016 and headquartered at 25 Al. Pantou Street in Kallithea, Athens, the company operates primarily in Attica (75% of gross asset value), with additional exposure in mainland Greek cities, Crete, the Cyclades, Corfu, Zakynthos, Volos, Peloponnese, and Levadia, targeting corporate tenants such as Quest Group subsidiaries (19% of revenues), Sarmed Logistics (16%), and diversified others including banks, retailers, and logistics firms, while maintaining a 99.6% occupancy rate, 99.1% CPI-linked leases, and a 6.0-year weighted average unexpired lease term as of December 31, 2024. In a transformative 2024, BriQ Properties nearly doubled its portfolio to 57 properties with 218,000 sqm gross building area and €285 million gross asset value through the merger by absorption of Intercontinental International REIC (ICI), completing the acquisition of 17 properties for €61.2 million in H1 and absorbing 15 additional assets valued at €53.4 million by December 23, alongside €10.8 million in development and capex (€7.9 million in logistics, €1.6 million in offices, €1.3 million in hotels), driving 72% rental revenue growth to €15.7 million annualized, adjusted EBITDA up 89% to €13.0 million, and net profit up 58% to €7.5 million; the company listed new shares from the merger, expanded its Aspropyrgos logistics center, sold non-core assets like 67 Aiolou Street and a Kolonaki property in 2025, proposed a €0.135 per share dividend (up 29%, yielding 5.2-6.4%) with a voluntary four-year scrip program up to €30 million, and advanced ESG initiatives including ATHEX ESG Index inclusion, a LEED-GOLD office development, photovoltaic installations, and a fourth verified sustainability report. Subsidiaries include Sarmed Warehouses SA (80% owned logistics facility) and hotel operators, with nine employees led by CEO Anna Apostolidou and a board featuring Quest Holdings executives, supporting 11-fold portfolio growth since inception primarily via €227 million in new investments.