The Company (“ICI”) is a member of the Hellenic Fund & Asset Management Association as well as Athens Stock Exchange listed. It enjoys tax and other benefits, due to its approved REIC status. It targets prime properties and actively manages its portfolio. The Company is governed by an experienced management team with proven high-return track record. It maintains low operating costs and long-term lease contracts with creditworthy tenants. Its portfolio proved to be immune to economic upheavals, exactly because it has been accumulated in times of crisis and currently comprises 36 properties, mainly located in Attica. During the years 2017, 2018 and 2019, a (net) dividend per share of €0.28, €0.31 and €0.36 was distributed respectively. Each year, 75% of ICI’s annual profit is paid out to its Shareholders, at a minimum.
Acting as a “boutique” investment firm, ICI diligently analyzes every potential investment opportunity. Its first acquisition was completed in 2012, whilst from 2016 the Company is dynamically implementing its investment strategy. As a result, since June 2015, ICI has increased its building area by 129%, its property portfolio value by 80%, and its annualized rental income by 81%. In the second half of 2018, the Total Assets stood at €100.3mln, while the NAV per share was €6.97.