SITS Publishes Q2 2025 Activity Indicators
SITS has released its activity indicators for the second quarter of 2025. The company achieved sales of 2,907 MTND, compared to 0,910 MTND during the same period in 2024. Total revenues since the beginning of the year amount to 4,557 MTND, representing a 33.2% year-over-year increase. The first half of the year is marked by the absence of commercial property and office sales. The turnover is exclusively composed of residential unit sales.
Stock and Pipeline
The stock of available properties stands at 1,142 MTND, including 0,899 MTND of apartments. This is a success for the real estate developer, which can now focus on constructing and marketing its new projects. Furthermore, signed sales promises amount to 27,500 MTND, which is very promising for the next two years. The backlog of ongoing work is 29,794 MTND. The land reserve is approximately 15,667 MTND, one of the largest in the sector.
Reminder: Suspension of SITS Share Trading
As a reminder, trading of SITS shares has been suspended since June 16, 2025, following a simplified tender offer request for 1,918,304 shares, representing 12.30% of its share capital. The initiator of this project is Partner Investment SARL, which, together with Founders Capital Partners, holds a 87.70% stake in SITS' capital. The published figures prove that this is an excellent deal. SITS boasts equity of 43,887 MTND and limited debt of 6,871 MTND. These solid fundamentals explain the interest of PGH.
