Trade Estates REIC – executive interview

Trade Estates REIC (TRESTATES), listed on the Euronext Athens market, is a fast-growing real estate investment company focused on modern retail parks and new-generation logistics assets in Greece, Cyprus and Bulgaria. Edison has initiated coverage of Trade Estates and in this interview, Mr Dimitris Papoulis, CEO, discusses the company’s performance, strategy and prospects. He highlights how the structural growth trends in retail spending and the limited supply of suitable properties are underpinning Trade Estates’ growth strategy. Since it was established in 2021 (it listed in 2023), the company has grown to be Greece’s dominant owner of modern retail parks, almost tripling its gross assets and nearly doubling net assets. Cash earnings and dividends per share have tripled. Meanwhile a fully funded development pipeline provides visibility of further strong growth through 2028. Perhaps most important of all is what Mr Papoulis says about the company’s deep retail sector expertise and active management, which has been a key driver of sustained value creation and enhanced returns.