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New Amsterdam Invest N.V. Annual Report 2024: A Year of Growth and Resilience

On April 25, 2025, New Amsterdam Invest N.V. (often referred to as NAI), a Dutch commercial real estate entity listed on Euronext Amsterdam, unveiled its annual report for the financial year ending December 31, 2024. With an operational profit of €9.4 million, NAI reflects on a year characterized by significant developments and strategic acquisitions.

Operational Performance Overview

The results for 2024 reveal a profit of €5.2 million, marking a successful first year of full operations. The operational results were positively influenced by valuation differences amounting to €3.5 million, primarily from the acquisition of Interra Remington, a substantial property obtained on November 1, 2024. Despite the challenges posed by volatile currency exchange rates, the company has not observed detrimental impacts on its tenant operations.

Key Highlights of 2024 Results:

• - Rental Income: €11.1 million
• - Net Rental Income: €7.6 million
• - Profit post non-controlling interest: €2.7 million
• - Earnings per share: €0.51
• - Total Investment Property Value: €128.7 million
• - Total Equity: €54.7 million
• - Cash Generated from Operations: €3.1 million
• - Solvency Ratio: 40.2%

Strategic Growth Initiatives

In line with its strategic vision, NAI made an important leap by acquiring a second investment property in the United States, expected to generate rental income of €6 million in 2025. This new acquisition is anticipated to enhance the company’s profitability, although approximately 41% of this profit will be shared with minority stakeholders involved in the investment.

Looking ahead to 2025, NAI is optimistic about maintaining its profitability and achieving projected financial goals. The company reiterates its expectations for net rental income to reach around €11.6 million and an annual profit before tax of €5 million, notwithstanding potential revaluation impacts, currency fluctuations, or minority interests.

Financial Insights

A closer analysis of the financial performance illustrates that the total rental and service income for 2024 amounted to €11.1 million, with a geographical breakdown indicating that 57% originated from the UK while 43% stemmed from the USA. The positive cash flow from operations increased substantially to €3.1 million, compared to €1 million in the previous year, primarily owing to effective management and strategic investments.

Despite a slight decline in cash and cash equivalents down to about €5 million, the overall financial health remains solid, sustaining its dividend payout ambitions which aim to return between 4.5% and 6.5% of the company’s equity value to shareholders.

Upcoming Milestones

NAI's Annual General Meeting is set for June 6, 2025, where shareholders can anticipate discussions on various crucial topics, including the adoption of annual accounts and the reappointment of BDO Audit & Assurance B.V. as the external auditor for the fiscal year ending December 31, 2025. As disclosed in their annual report, all relevant documents pertaining to this meeting will be accessible on NAI's official website prior to the event.

With its focus on diversifying its portfolio and enhancing revenue streams, New Amsterdam Invest N.V. stands poised for continued growth while emphasizing transparency and stakeholder engagement. By consistently aligning its operational strategies with market demands, NAI enhances its positioning as a reliable investment in the commercial real estate sector.

Conclusion

In a year marked by strategic acquisitions and strong operational performance, NAI celebrates its journey through 2024 with ambitious plans for the future. As a company committed to delivering shareholder value and profitability, New Amsterdam Invest N.V. remains a key player in the European commercial real estate market.

For more detailed insights, the full annual report is available on NAI’s official website.