Cash flow Grand Vision Properties REIT

Stocks

CCBR

BG1100120051

Residential REITs

End-of-day quote Bulgaria S.E. 02/09/2026			5-day change	1st Jan Change
30.00 ^EUR	+1.35%		0.00%	+4.84%

15/07	Grand Vision Properties REIT Reports Earnings Results for the Half Year Ended June 30, 2026	CI
15/04	Grand Vision Properties REIT Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: GRAND VISION PROPERTIES REIT

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (BGN)	2022 (BGN)	2023 (BGN)	2024 (BGN)	2025 (BGN)
Rental Revenues	92T	97T	75T	65T	-
Interest and Investment Income, Total (Revenue Block)	-	-	-	-	-
Other Revenues, Total	-	-	-	-	10.07L
Total Revenues	92T	97T	75T	65T	10.07L
Property Expenses	65T	99T	86T	96T	4T
Selling General & Admin Expenses, Total	-	-	-	-	98T
Other Operating Expenses	3L	1L	6L	4L	4L
Total Operating Expenses	3L	2L	7L	5L	5L
Operating Income (REIT / Utility Template)	-2L	-1L	-6L	-5L	5L
Interest Expense, Total	-17T	-82T	-27T	-36T	-
Net Interest Expenses	-17T	-82T	-27T	-36T	-
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	-2L	-2L	-6L	-5L	5L
Asset Writedown	4L	7L	9L	23.25L	-
EBT, Incl. Unusual Items	2L	6L	2L	18.34L	5L
Earnings From Continuing Operations	2L	6L	2L	18.34L	5L
Net Income to Company	2L	6L	2L	18.34L	5L
Net Income - (IS)	2L	6L	2L	18.34L	5L
Net Income to Common Incl Extra Items	2L	6L	2L	18.34L	5L
Net Income to Common Excl. Extra Items	2L	6L	2L	18.34L	5L
Per Share Items
Net EPS - Basic	0.18	0.51	0.19	1.7	0.49
Basic EPS - Continuing Operations	0.18	0.51	0.19	1.7	0.49
Basic Weighted Average Shares Outstanding	10.77L	10.77L	10.77L	10.77L	10.77L
Net EPS - Diluted	0.18	0.51	0.19	1.7	0.49
Diluted EPS - Continuing Operations	0.18	0.51	0.19	1.7	0.49
Diluted Weighted Average Shares Outstanding	10.77L	10.77L	10.77L	10.77L	10.77L
Normalized Basic EPS	-0.14	-0.11	-0.37	-0.28	0.31
Normalized Diluted EPS	-0.14	-0.11	-0.37	-0.28	0.31
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITA	-2L	-1L	-6L	-5L	5L
EBIT	-2L	-1L	-6L	-5L	5L
Total Revenues (As Reported)	-	-	-	-	10.07L
Normalized Net Income	-2L	-1L	-4L	-3L	3L
Supplemental Operating Expense Items
Net Rental Expense, Total	59T	37T	11T	-	-
Maintenance & Repair Expenses, Total	-	-	-	-	-

Fiscal Period: December	2021 (BGN)	2022 (BGN)	2023 (BGN)	2024 (BGN)	2025 (BGN)
Assets
Net Property Plant And Equipment	3.87Cr	3.95Cr	4.06Cr	4.29Cr	4.35Cr
Total Real Estate Assets	3.87Cr	3.95Cr	4.06Cr	4.29Cr	4.35Cr
Cash And Equivalents	4T	3L	13T	3T	2T
Accounts Receivable, Total	97T	15T	19T	2T	15.87L
Other Receivables	41.63L	35.23L	29.25L	24.95L	3L
Investment In Debt and Equity Securities	-	-	-	-	2L
Other Current Assets, Total	-	-	-	-	-
Other Long-Term Assets, Total	20L	20L	20L	20L	20L
Total Assets	4.5Cr	4.53Cr	4.55Cr	4.74Cr	4.77Cr
Liabilities
Accounts Payable, Total	31T	2T	3T	2T	2T
Accrued Expenses, Total	-	-	-	-	-
Current Income Taxes Payable	5L	3L	4L	4L	1L
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	17T	15T	15T	16T	-
Total Liabilities	6L	3L	4L	4L	1L
Common Stock, Total	10.77L	10.77L	10.77L	10.77L	10.77L
Additional Paid In Capital	2.42Cr	2.42Cr	2.42Cr	2.42Cr	2.42Cr
Retained Earnings	1.91Cr	1.97Cr	1.99Cr	2.17Cr	2.23Cr
Total Common Equity	4.44Cr	4.5Cr	4.52Cr	4.7Cr	4.75Cr
Total Equity	4.44Cr	4.5Cr	4.52Cr	4.7Cr	4.75Cr
Total Liabilities And Equity	4.5Cr	4.53Cr	4.55Cr	4.74Cr	4.77Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.77L	10.77L	10.77L	10.77L	10.77L
ECS Total Common Shares Outstanding	10.77L	10.77L	10.77L	10.77L	10.77L
Book Value / Share	41.22	41.74	41.93	43.63	44.13
Tangible Book Value	4.44Cr	4.5Cr	4.52Cr	4.7Cr	4.75Cr
Tangible Book Value Per Share	41.22	41.74	41.93	43.63	44.13
Total Debt	0	0	0	0	0
Net Debt	-4T	-3L	-13T	-3T	-2T
Debt Equivalent Oper. Leases	5L	3L	88T	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Part Time Employees	1	1	1	1	-
Accumulated Allowance for Doubtful Accounts (Supple)	7T	4T	4T	3T	-

Fiscal Period: December	2021 (BGN)	2022 (BGN)	2023 (BGN)	2024 (BGN)	2025 (BGN)
Net Income	2L	6L	2L	18.34L	5L
Other Operating Activities	-2L	-3L	-5L	-18.44L	-5L
Cash from Operations	-2T	3L	-2L	-10T	-1T
Acquisition of Real Estate Assets, Total	-	-	-	-	-
Net Sale / Acquisition of Real Estate Assets	-	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-	-	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Cash from Financing	-	-	-	-	-
Net Change in Cash	-2T	3L	-2L	-10T	-1T
Supplemental Items
Cash Interest Paid	-	-	-	-	28T
Cash Income Tax Paid (Refund)	81T	6L	-47T	-3T	-2T
Levered Free Cash Flow	43.25T	3L	2L	2L	7L
Unlevered Free Cash Flow	53.88T	4L	3L	2L	7L
Change In Net Working Capital	-2L	-4L	-6L	-5L	-3L

Fiscal Period: December	2021 (BGN)	2022 (BGN)	2023 (BGN)	2024 (BGN)	2025 (BGN)
Profitability
Return on Assets	-0.32	-0.16	-0.85	-0.61	0.7
Return on Total Capital	-0.32	-0.16	-0.85	-0.62	0.7
Return On Equity %	0.43	1.24	0.46	3.98	1.12
Return on Common Equity	0.43	1.24	0.46	3.98	1.12
Margin Analysis
Gross Profit Margin %	29.35	-2.06	-14.67	-47.69	100
SG&A Margin	6.52	11.34	24	35.38	12.51
EBITA Margin %	-248.91	-115.46	-821.33	-700	52.63
EBIT Margin %	-248.91	-115.46	-821.33	-700	52.63
Income From Continuing Operations Margin %	205.43	571.13	278.67	2.82T	52.63
Net Income Margin %	205.43	571.13	278.67	2.82T	52.63
Net Avail. For Common Margin %	205.43	571.13	278.67	2.82T	52.63
Normalized Net Income Margin	-167.12	-125	-535.83	-472.12	32.89
Levered Free Cash Flow Margin	47.01	333.76	322.83	267.88	65.47
Unlevered Free Cash Flow Margin	58.56	386.6	345.33	302.5	65.47
Asset Turnover
Asset Turnover	0	0	0	0	0.02
Fixed Assets Turnover	0	0	0	0	0.02
Receivables Turnover (Average Receivables)	1.43	1.73	4.41	6.19	-
Short Term Liquidity
Current Ratio	7.15	11.89	8.01	6.2	14
Quick Ratio	7.15	11.89	8.01	6.2	14
Operating Cash Flow to Current Liabilities	-0	0.79	-0.66	-0.02	-0.01
Days Sales Outstanding (Average Receivables)	255.9	210.72	82.73	59.12	-
Average Days Payable Outstanding	171.27	60.83	10.61	9.53	-
Long Term Solvency
Total Liabilities / Total Assets	1.32	0.7	0.81	0.85	0.29
EBIT / Interest Expense	-13.47	-1.37	-22.81	-12.64	-
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0	5.43	-22.68	-13.33	-59.78
Gross Profit, 1 Yr. Growth %	350	-107.41	450	181.82	-59.78
EBITA, 1 Yr. Growth %	-16.12	-51.09	450	-26.14	-71.1
EBIT, 1 Yr. Growth %	-16.12	-51.09	450	-26.14	-71.1
Earnings From Cont. Operations, 1 Yr. Growth %	166.2	193.12	-62.27	777.51	-71.1
Net Income, 1 Yr. Growth %	166.2	193.12	-62.27	777.51	-71.1
Diluted EPS Before Extra, 1 Yr. Growth %	166.2	193.12	-62.27	777.52	-71.1
Normalized Net Income, 1 Yr. Growth %	-21.9	-21.14	231.44	-23.64	-71.1
Net Property, Plant and Equip., 1 Yr. Growth %	1.01	1.93	2.77	5.73	2.01
Accounts Receivable, 1 Yr. Growth %	203.12	-84.54	26.67	-89.47	-27.3
Total Assets, 1 Yr. Growth %	0.89	0.62	0.57	4.1	0.55
Common Equity, 1 Yr. Growth %	0.43	1.25	0.46	4.06	1.13
Tangible Book Value, 1 Yr. Growth %	0.43	1.25	0.46	4.06	1.13
Cash From Operations, 1 Yr. Growth %	-92.31	-12.65T	-196.41	-95.87	-90
Levered Free Cash Flow, 1 Yr. Growth %	-53.05	648.55	-25.21	-28.08	-59.49
Unlevered Free Cash Flow, 1 Yr. Growth %	-54.49	596.06	-30.93	-24.08	-59.49
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.1	2.68	-9.71	-18.14	266.42
Gross Profit, 2 Yr. CAGR %	-15.71	-42.26	-36.17	293.7	856.79
EBITA, 2 Yr. CAGR %	44.29	-35.95	64.01	101.56	-7.24
EBIT, 2 Yr. CAGR %	44.29	-35.95	64.01	101.56	-7.24
Earnings From Cont. Operations, 2 Yr. CAGR %	-33.39	179.34	5.16	81.95	59.24
Net Income, 2 Yr. CAGR %	-33.39	179.34	5.16	81.95	59.24
Diluted EPS Before Extra, 2 Yr. CAGR %	-33.39	179.34	5.16	81.95	59.26
Normalized Net Income, 2 Yr. CAGR %	25.58	-21.52	61.67	59.09	-9.21
Net Property, Plant and Equip., 2 Yr. CAGR %	1.01	1.47	2.35	4.24	3.56
Accounts Receivable, 2 Yr. CAGR %	-12.61	-31.53	-55.74	-63.49	813.93
Total Assets, 2 Yr. CAGR %	0.1	0.75	0.59	2.32	2.31
Common Equity, 2 Yr. CAGR %	0.29	0.84	0.86	2.25	2.58
Tangible Book Value, 2 Yr. CAGR %	0.29	0.84	0.86	2.25	2.58
Cash From Operations, 2 Yr. CAGR %	-76.1	210.71	1T	-80.04	-93.57
Levered Free Cash Flow, 2 Yr. CAGR %	-83.01	87.46	136.61	-26.66	65.01
Unlevered Free Cash Flow, 2 Yr. CAGR %	-80.85	77.99	119.26	-27.59	59.54
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.51	2.53	-6.58	-10.93	118.15
Gross Profit, 3 Yr. CAGR %	88.99	-62.52	22.39	4.71	695.55
EBITA, 3 Yr. CAGR %	4.97	0.6	31.16	25.72	67.89
EBIT, 3 Yr. CAGR %	4.97	0.6	31.16	25.72	67.89
Earnings From Cont. Operations, 3 Yr. CAGR %	60.17	9.15	43.32	113.29	-1.47
Net Income, 3 Yr. CAGR %	60.17	9.15	43.32	113.29	-1.47
Diluted EPS Before Extra, 3 Yr. CAGR %	60.17	9.15	43.32	113.29	-1.46
Normalized Net Income, 3 Yr. CAGR %	4.43	7.54	26.85	25.91	39.79
Net Property, Plant and Equip., 3 Yr. CAGR %	1.26	1.32	1.9	3.47	3.3
Accounts Receivable, 3 Yr. CAGR %	22.32	-50.94	-15.95	-72.58	372.96
Total Assets, 3 Yr. CAGR %	0.56	0.27	0.69	1.75	1.73
Common Equity, 3 Yr. CAGR %	0.52	0.61	0.71	1.91	1.87
Tangible Book Value, 3 Yr. CAGR %	0.52	0.61	0.71	1.91	1.87
Cash From Operations, 3 Yr. CAGR %	-85.4	92.84	110.35	71	-84.15
Levered Free Cash Flow, 3 Yr. CAGR %	-65.33	-39.98	38	59.08	26.75
Unlevered Free Cash Flow, 3 Yr. CAGR %	-62.89	-36.56	29.82	53.96	20.69
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-18.12	57.53	0.82	-6.3	61.38
Gross Profit, 5 Yr. CAGR %	-35.93	-41.01	22.42	-3.99	178.6
EBITA, 5 Yr. CAGR %	1.75	-11.21	25.48	32.84	14.19
EBIT, 5 Yr. CAGR %	1.75	-11.21	25.48	32.84	14.19
Earnings From Cont. Operations, 5 Yr. CAGR %	-60.08	11.26	35.36	33.91	49.49
Net Income, 5 Yr. CAGR %	-60.08	11.26	35.36	33.91	49.49
Diluted EPS Before Extra, 5 Yr. CAGR %	-60.08	11.26	35.36	33.91	49.49
Normalized Net Income, 5 Yr. CAGR %	4.76	-1.29	24.38	25.77	10.97
Net Property, Plant and Equip., 5 Yr. CAGR %	1.19	1.28	1.7	2.48	2.56
Accounts Receivable, 5 Yr. CAGR %	-	-	-18.55	-56.4	118.32
Total Assets, 5 Yr. CAGR %	-0.34	0.52	0.57	1.09	1.34
Common Equity, 5 Yr. CAGR %	0.23	0.41	0.65	1.26	1.46
Tangible Book Value, 5 Yr. CAGR %	0.23	0.41	0.65	1.26	1.46
Cash From Operations, 5 Yr. CAGR %	-78.44	-34.32	-17.73	-22.16	-47.88
Levered Free Cash Flow, 5 Yr. CAGR %	-68.78	-37.26	-25.26	-34.97	48.23
Unlevered Free Cash Flow, 5 Yr. CAGR %	-67.38	-35.4	-24.48	-33.11	40.98