PIONEER PROPERTY GROUP ASA
Sector unknown·PPG · Euronext Expand Oslo·Fiscal year to 31/12/2024
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Hospitality and leisure
End markets
Market
“Total income for 2024 for the Hotel Properties segment amounted to MNOK 68.4 (MNOK 57.8 in 2023. The fair property value for the hotel segment based on third party valuations per 31.12.24 amounted to MNOK 1,523.0.”
Annual report 2024A · The company itself
Market
“PPG's real estate portfolio per year-end 2024 consisted of three properties in the Preschools segment, eight properties in the Retail properties segment, one office property , eight properties in the Property development segment and seventeen properties in the Hotel properties segment, an increase of eleven properties from 2023 due to the acquisition of Norlandia Holding AS.”
Annual report 2024A · The company itself
Market
“PPG has further increased its investments within the hotel segment, entering into a joint venture with Rica Eiendom AS of owning a hotel located in Tjøme. This investment was made through the joint venture company JV Havna Tjøme AS and is recognized according to the equity method.”
Annual report 2024A · The company itself
Chains in: Consumer spending strengthens
Real estate
End markets
Market
“Operations and strategy Pioneer Property Group ASA (PPG) is an investment company, mainly within real estate .”
Annual report 2024A · The company itself
Market
“Office Properties The first office property was acquired in March 2022, a seven stories tall building in Bodø. PPG has an ownership of 52 % in the property, controlling the acquired subsidiary that owns the property Total lease income for 2024 for the office properties segment amounted to MNOK 4.3 with a fair property value based on third party valuations per 31.12.24 of MNOK 63.”
Annual report 2024A · The company itself
Market
“PPG's real estate portfolio per year-end 2024 consisted of three properties in the Preschools segment, eight properties in the Retail properties segment, one office property , eight properties in the Property development segment and seventeen properties in the Hotel properties segment, an increase of eleven properties from 2023 due to the acquisition of Norlandia Holding AS.”
Annual report 2024A · The company itself
Chains in: Interest rates weakens
Automotive
End markets
Market
“Office Properties The first office property was acquired in March 2022, a seven stories tall building in Bodø. PPG has an ownership of 52 % in the property, controlling the acquired subsidiary that owns the property Total lease income for 2024 for the office properties segment amounted to MNOK 4.3 with a fair property value based on third party valuations per 31.12.24 of MNOK 63.”
Annual report 2024A · The company itself
Construction
End markets
Market
“Property Development Through Pioneer Property Development AS, PPG develop properties within general commercial real estate and housing. The segment consists of 8 development properties and the lease income income for the segment is related to parking and tenants in properties that can be developed long term.”
Annual report 2024A · The company itself
Chains in: Interest rates weakens, Housing market strengthens, Public investment and infrastructure strengthens, Business cycle and GDP growth strengthens, Reconstruction of Ukraine strengthens
Energy efficiency
Technology
StrategyPositive impact: strengthens
“With respect to our portfolio of investment property, PPG actively work to reduce the CO2 emissions together with the tenants, especially within the area of energy efficiency.”
Annual report 2024A · The company itself
Chains in: Carbon tax and ETS prices strengthens, EU climate and energy policy strengthens
Residential construction
End markets
Market
“Property Development Through Pioneer Property Development AS, PPG develop properties within general commercial real estate and housing. The segment consists of 8 development properties and the lease income income for the segment is related to parking and tenants in properties that can be developed long term.”
Annual report 2024A · The company itself
Chains in: Interest rates weakens, Housing market strengthens
Retail
End markets
Market
“PPG's real estate portfolio per year-end 2024 consisted of three properties in the Preschools segment, eight properties in the Retail properties segment, one office property , eight properties in the Property development segment and seventeen properties in the Hotel properties segment, an increase of eleven properties from 2023 due to the acquisition of Norlandia Holding AS.”
Annual report 2024A · The company itself
Chains in: Consumer spending strengthens
Climate change and extreme weather
Macro
DriverNegative impact: weakens
“Storms and floods are long-term risks, with potential to physically damage to property values could be severe. Damage to third party equipment and installations may lead to increased insurance cost and/or reduced customer satisfaction.”
Annual report 2024A · The company itself
Chains out: this weakens Agriculture and food production
Inflation
Macro
DriverPositive impact: strengthens
“On the other hand, other factors such as higher estimated CPI adjustments and market rent expectations is positive factors for real estate investments. The board expects an increase in rent levels for 2025 for the investment properties.”
Annual report 2024A · The company itself
Chains out: this weakens Consumer spending, strengthens Interest rates
Insurance premiums and reinsurance
Raw materials and inputs
InputNegative impact: weakens
“On a general basis, we observe increased premium on insurance due to cost of the incidents and the number of incidents due to extreme weather conditions.”
Annual report 2024A · The company itself
Denmark
Geography
Geography
“PPG is a public limited company , the Company's registered office is Rådhusgata 23, 0158 Oslo , Norway .”
Annual report 2024A · The company itself
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 0.13 bn NOK |
| Revenue growth vs. the year before, same method | 24.2 % |
| EBITDA reported by the company | N/A |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | N/A |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | N/A |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (NOK), not converted to DKK. Quotes are shown as the company's own words in the report's original language.