Business
CTP N.V. announces Moody’s Ratings affirmed CTP’s Baa3 rating, outlook changed to positive
AMSTERDAM, May 28, 2025--Regulatory News: CTP N.V. (‘CTP’, ‘the Group’ or the ‘Company’), Europe’s largest listed owner, developer and manager of logistics and industrial real estate by gross lettable area, announces that Moody's Ratings (‘Moody's’) has affirmed its Baa3 long-term issuer rating and senior unsecured rating of CTP. The outlook changes from stable to positive.
About this update from Ctp N.v.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":240,"url":"https://media.zenfs.com/en/business-wire.com/9eb8bf82ea55e6a6f1023ee5d4544ea2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/20SXOn._T5pi7cA_2PMWSw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/9eb8bf82ea55e6a6f1023ee5d4544ea2","width":480,"height":240}},"lazy":false},{"type":"text","content":"AMSTERDAM, May 28, 2025--(BUSINESS WIRE)--Regulatory News:","length":58,"tagName":"p"},{"type":"text","content":"CTP N.V. (‘CTP’, ‘the Group’ or the ‘Company’), Europe’s largest listed owner, developer and manager of logistics and industrial real estate by gross lettable area, announces that Moody's Ratings (‘Moody's’) has affirmed its Baa3 long-term issuer rating and senior unsecured rating of CTP. The outlook changes from stable to positive.","length":342,"tagName":"p"},{"type":"text","content":"The positive change of the outlook reflects CTP’s strong and resilient business profile and robust occupier demand. In Q1-2025, CTP signed 24% more leases than in the same period last year at an average 3% higher rents. The CEE region benefits from long-term secular demand drivers, like nearshoring – which is further accelerated by increasing trade tariffs – strong growth in purchasing power and e-commerce, and continued professionalization of supply chains.","length":462,"tagName":"p"},{"type":"text","content":"The positive outlook is also a testament to CTP’s robust capital structure and disciplined financial policy. Thanks to the Group’s long-term track record of achieving an industry leading YoC of over 10% and high spread compared to the Group’s marginal cost of debt, each euro that CTP invests in its pipeline actually deleverages and improves the Group’s ICR and Net Debt to EBITDA. This allows CTP to grow at a 10-15% rate per annum, while maintaining leverage ratios, an attractive proposition for shareholders as well as bondholders. This further cements CTP’s strong access to both capital markets and the loan markets, helping to preserve the Group’s attractive average cost of debt.","length":688,"tagName":"p"},{"type":"text","content":"Against this backdrop, the Group targets to deliver 1.2 to 1.7 million sqm of new GLA in 20...