The Company has exceeded its forecasts from November 2007
Sofia, January 30, 2008
FairPlay Properties REIT reached nearly BGN 8.87 millions profit for distribution as at 31 December 2007 apparently from the published Statement for the fourth quarter of 2007. This is BGN 670 thousands over the forecasted through November the previous year BGN 8.2 million for distribution.
The Company records BGN 11.126 million net profit and 47 864 thousand revenues from sales in its unaudited Statement as at 31.12.2007.
FairPlay Properties REIT is the biggest in assets Company for securitization of real estate (without agricultural lands) with 14,59% market share and had fourth place towards this index from all the REITs invested in the real estates, listed on the BSE ( according the statistics of Financial Supervision Commission for the third quarter of 2007). According the information from the last Prospectus of the Company the market value of its assets as at November 2007 exceeds BGN 170 mln.
FairPlay Properties has an award from the Investor‘s Association for “The Best Corporate Governance of REITs 2006”.
FairPlay Properties REIT is listed on the Bulgarian Stock Exchange – Sofia on 17 February 2006. The main shareholder in the Company is FairPlay International JSC with 65,5 % quota in the capital. The other shareholders are Institutional Investors (9 Pension Funds, 15 Mutual Funds, and Investment Companies) and 220 physical persons and Legal Entities, small investors.