Key figures from operations in the year 2017
Profit | 3.789 m.ISK |
Return on Investment Properties (average) | 5,10% |
Profit before Assessment Change and Depreciations | 4.531 m.ISK |
Operating Revenues | 7.124 m.ISK |
Leasing Revenues | 6.607 m.ISK |
Average Contract Length, with reference to present leasing contracts | 7 ár |
Interest Bearing Debts | 57.515 m.ISK |
Cash from Operations | 2.234 m.ISK |
Net Cash at end of the year | 1.341 m.ISK |
Equity Ratio | 34,80% |
Investment properties assessed at market value | 97.255 m.ISK |
Employees at the end of the year | 28 |
Shareholders at the end of the year | 650 |
Revenues growth
Cost Development
Operational Costs - percentage of Leasing Revenues
Operations and Leasing
In recent years, the company has grown rapidly and acquired large portfolios that have required restructuring. Reginn has managed to utilize a strong economic cycle to restructure new portfolios as well as to renew many of the company's original lease contracts that have been up for renewal. In 2017, lease contracts were concluded for nearly 38 thousand square metres. Two thirds of those contracts were new lease contracts others were renewal of older contracts. In the coming years, it can be assumed that some equilibrium will be achieved in leasing. Namely that a fairly even rate of contracts will be renewed. The weighted average length of the leasing contracts of Reginn is now about 7 and a half years.