One United Properties posts a consolidated turnover of EUR 236.3 mln and a gross profit of EUR 84.8 mln in 9M 2025

One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of 236.3 million euros in the first nine months of 2025, up 13% year-on-year (YoY), and a gross profit of 84.8 million euros, up 20% YoY, while the net profit stood at 70.3 million euros, up 17% YoY.

“The first nine months confirm the strength of the residential market in Bucharest and the depth of demand for ONE product. Our priority in 2025 has been to keep construction advancing across all major sites, which supports revenue recognition and strengthens margins, while the high level of pre-sales ensures solid collections and visibility over future cash flows. The sales dynamic we have registered in the first nine months paired with our solid liquidity position provide us with a strong foundation for the coming quarters. Equally important, the cost discipline measures introduced as of this year continue to show their positive impact on profitability. With visibility on contracted sales, strong liquidity, and disciplined execution, we expect to close the year in line with the guidance approved by our shareholders. The fundamentals of the business are robust, and we are confident in the trajectory for 2025 and beyond,” stated Victor Capitanu, co-CEO at One United Properties.

Revenues from the residential segment reached 194.1 million euros in 9M 2025, an 18% YoY increase driven by solid sales performance throughout the past year and steady construction progress. The net income from residential property accelerated 30% YoY, to 71.5 million euros, due to construction advancing across the entire development portfolio. Consequently, the net margin increased from 33.5% in 9M 2024, to 36.9% for 9M 2025, above the margin of 35% targeted by One United Properties for this segment.

Rental income, which includes revenues from the commercial division and tenant services, rose by 5% YoY to 24 million euros in 9M 2025, while the net rental income remained stable at 15.6 million euros, reflecting resilience of the commercial portfolio. In 9M 2025, One United Properties leased and pre-leased 7,739 sqm of office and retail spaces and signed multiple lease extensions for a total area of 21,900 sqm, reinforcing the superior quality of One United Properties’ commercial portfolio.

“The commercial portfolio continues to perform in a stable manner, reflected in headline rent growth and consistent leasing activity. This performance supports the strategic direction we outlined at our Capital Markets Day: a more accentuated focus towards development, both across residential and office segments, rather than long-term asset ownership. Selling selected standing assets will allow us to release capital that can be reinvested into new projects with higher return potential, while keeping the balance sheet healthy. The next wave of new developments is already underway, with pre-sales at One Academy Club now open and One City District and One Park Lane expected to follow, marking the start of a new construction cycle for the Group,”