One United Properties reports significant declines in the first quarter of 2026

One United Properties (ONE) reported for Q1 2026 a turnover of 176.5 million lei and a net profit of 21.5 million lei, recording a decrease of 78% compared to the same period of the previous year. This decrease is attributed to the temporary impact of the new legislative framework in the real estate sector, which affects revenue recognition according to IFRS 15.

The company completed total residential transactions of 60.4 million euros, including sales and reservations, but revenues from the residential segment decreased by 60% compared to the previous year. Rental income increased by 5%, reaching 42.7 million lei. ONE maintained a solid cash position of 394.6 million lei and invested 20 million euros in expanding its portfolio. As of March 31, 2026, the company had 4,154 units under construction and 45,500 sqm of commercial space, with a total estimated gross development value of 1.6 billion euros.