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An update from SECURE PROPERTY Development & Investment ( (GB:SPDI) ) is now available.
Secure Property Development & Investment PLC has announced its 2024 financial results, highlighting significant strategic progress despite challenging market conditions in South Eastern Europe. The company completed a major transaction with Arcona Property Fund, receiving shares valued at €12.5 million, and is now focused on monetizing remaining assets and exploring growth strategies. Despite a 10% decline in operating income due to lower energy costs, net operating income increased by 17% due to reduced expenses, positioning SPDI for future growth and stability.
More about SECURE PROPERTY Development & Investment
Secure Property Development & Investment PLC (SPDI) is a real estate company focused on South Eastern Europe, primarily dealing with commercial and industrial properties leased to blue-chip tenants. The company is listed on the AIM market and has been involved in strategic transactions to maximize shareholder value, including the sale of assets to the Arcona Property Fund.
Average Trading Volume: 114,931
Technical Sentiment Signal: Sell
Current Market Cap: £4.84M
For detailed information about SPDI stock, go to TipRanks’ Stock Analysis page.