Graphisoft Park Q1-Q3 Earnings Climb 17%

After-tax profit of Graphisoft Park, which owns and operates a business park in the north of Budapest, reached EUR 7,140,000 in Q1-Q3, climbing 17% from the same period a year earlier, an earnings report released after the closing bell on Wednesday shows.

Rental revenue edged up 2% to EUR 13,290,000.

The occupancy rate at the park stood at 95%, well over the 87% average for the Budapest office market.

Graphisoft Park upgraded guidance for full-year pro-forma profit to EUR 9,000,000, but said 2027 profits could fall to EUR 8,000,000 in the absence of one-off items and flat rental revenue.

As the local form of a real estate investment trust (REIT), the company pays 90% of its pro forma earnings as dividend.

The estimated fair value of Graphisoft Park's real estate portfolio stood at EUR 213,579,000 at the end of September.