Investors traded ONE shares in a total value of EUR 73 million in the first year since the listing of One United Properties on BVB

Deniza Cristian 12/07/2022 | 10:47

One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate, registered transactions on the Bucharest Stock Exchange totalling 73 million euro in the first year since the company’s debut.

 

This places ONE as the ninth most traded company in period July 2021 – July 2022 in terms of absolute value. Furthermore, from the point of liquidity to free-float, One United Properties was the eighth most traded company in the BET index, with liquidity to free-float ratio amounting to 27%.

“We thank all the shareholders who have trusted us in the last year, and we are proud that we have delivered on all the promises that we made to our investors – starting with our focus on liquidity, inclusion in the major indices, growing research coverage, to our continuous preoccupation for transparency, governance and sustainability. Since we have expressed our intention to list on the Bucharest Stock Exchange, we have looked at all the ways through which we can increase the visibility of the Romanian capital market towards global institutional investors. Our strategy works, as even in an extremely volatile period of the last 12 months, we have managed to outperform the local market and vast majority of blue chips, proving that entrepreneurial companies can deliver solid growth while maintaining a stable dividend policy,” stated Victor Capitanu and Andrei Diaconescu, co-CEOs at One United Properties.

One United Properties is the third-largest entrepreneurial company listed on the Main Market of the Bucharest Stock Exchange and the largest real estate developer listed on the local capital market. The company’s shares floated on BVB on July 12th, 2021, following a successful IPO, during which the company raised 52 million euro for further developments in both the residential and office segments. As of June 30th, 2022, the Company had over 5,500 shareholders.

Within the first year of listing on BVB, One United Properties share price grew 21%, significantly outperforming the benchmark index of Bucharest Stock Exchange, BET, which rose 1.85% between July 12th, 2021, and July 11th, 2022. Only eight blue chips, including ONE, registered a positive evolution in this period, and only two, Nuclearelectrica and Romgaz, recorded better price evolution than One United Properties. Since listing on BVB, the company has paid a gross dividend of 15.2 million euro, distributed in two tranches, one in December 2021, and another in May 2022.

As of September 2021, ONE shares are included in the BET, the main index of the Bucharest Stock Exchange that follows the most liquid companies, BET-TR, BET-XT, BET-XT-TR, and BET Plus indices. In addition, in December 2021, ONE shares were included in the FTSE Global All Cap index, which covers the performance of the large, mid, and small-cap stocks globally, FTSE Global Small Cap, the small-cap segment within the FTSE Global Equity Index universe, and FTSE Global Total Cap, which includes large, medium, small, and micro-companies.

As of June 2022, One United Properties shares are included in the FTSE EPRA Nareit Emerging Index, which tracks the performance of listed real estate companies and REITS in emerging markets. One United Properties is Romania’s first real estate company included in this index. Following the inclusion of One United Properties shares, FTSE EPRA Nareit EMEA Emerging Index consists of 33 issuers, of which just two are European, one Romanian and one Czech.

The company is currently in the process of carrying out a share capital increase operation, with a purpose to raise up to 95 million euro, to be invested with priority in new real estate developments. In the first stage of the operation, which runs from June 27th until July 26th and is intermediated by BRK Financial Group, the shareholders who held ONE shares on May 20th, 2022, and consequently received ONER01 preference rights on May 23rd, can subscribe in the share capital increase operation. The remaining shares will be then offered to global institutional investors in a private placement, intermediated by Unicredit Bank, Raiffeisen Bank and Swiss Capital.

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Deniza Cristian | 12/04/2024 | 17:28
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