Meta Estate Trust S.A.
BBVB:NC0.64
RON
0.00
(0.00%)
ISIN
ROX9GQFJ81G8
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Dan Petrisor
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Bucharest Romania
- IPO Date
- Aug 29, 2022
- Website
- metaestate.ro
- Similar Companies
- Business
- Meta Estate Trust S.A., operating as Novere Capital S.A., is a Romania-based real estate investment holding company specializing in property development financing, commercial real estate acquisition, asset management, and capital allocation across the Romanian property market. Founded in 2021 and headquartered in Bucharest, Romania, the company bridges the gap between private capital and the real estate sector by offering structured investment solutions across three primary business lines: early-stage residential trading, comprising the pre-construction acquisition and subsequent resale of residential apartments and housing units; co-development partnerships, involving equity participation, mezzanine capital provision, and joint development financing for residential and mixed-use urban projects; and recurring income assets, consisting of direct investments in income-generating commercial properties, stand-alone retail units, and neighborhood retail parks anchored by multinational food and discount retailers. The company manages its operations through specialized project vehicles and subsidiaries across major Romanian metropolitan areas, including Bucharest, the surrounding Ilfov County, and regional urban centers. In recent developments, the company executed a major corporate transformation by rebranding from Meta Estate Trust S.A. to Novere Capital S.A. and transferring its listing from the AeRO market to the Regulated Main Market of the Bucharest Stock Exchange under the ticker symbol NC. Concurrently, the company implemented a strategic pivot away from short-term residential trading toward long-term income-generating commercial real estate, targeting recurring-revenue assets to constitute 75% to 80% of its portfolio with a long-term goal of reaching approximately €100 million in total assets. Operational expansions include the commissioning of the €2 million Ciolpani Retail Park anchored by a European supermarket chain on a long-term lease, the acquisition of a commercial retail development in Galați County leased to Penny, and the ongoing execution of a multi-million-euro commercial acquisition pipeline financed through structured bank leverage and co-investment partnerships.