Trade Estates – equity proposition

Trade Estates is a specialised real estate investment company, listed on Athens Stock Exchange with a market cap of c €230m. It is differentiated from peers by its focus on modern retail park and new generation omni-channel logistics sectors that are well-aligned with market growth trends and under-served. The Greek economy continues to perform well, with GDP growth well-ahead of the European average, strengthening labour market, falling inflation and interest rates.

There are five key reasons why Trade Estates represents a compelling investment case.

1. Trade Estates is a fast-growing specialised real estate investment company with a high-quality portfolio.
2. Inflation-linked leases and strong tenant covenants underpin resilient income.
3. Trade Estates has a clear and funded investment plan targeting significant asset value growth to 2028.
4. The company’s active management is driving down costs and gearing.
5. Trade Estates’ shares trade at a material discount to NAV, offering potential upside.

Trade Estates offers investors a compelling combination of resilient income, inflation protection and a visible growth pipeline in a specialist corner of European real estate. If you would like to learn more about Trade Estates, please see our website.

Trade Estates will publish its FY25 results on 17 March 2026 and management will present the full year results to the Greek Institutional Investors Association at the Athens Stock Exchange on 18 March 2026 at 9:30 EET. This will be followed by a conference call with analysts, sell side and the wider investment community at 17:30 EET. Details on how to join the conference call, either via live webcast or by telephone, can be found on Trade Estates’ website.