Bonyan Reports Strong 9% Growth in Gross Asset Value for H1 2025, Outpacing Inflation
The valuation, conducted by Global Appraisal Tech (GAT) — an FRA-licensed independent valuator — was based on a comparable sales approach using recent market transactions for similar vacant properties. A 5% discount was applied to reflect the bulk nature of Bonyan's asset portfolio, and the figures exclude income-generating potential from leased properties.
CEO Tarek Abdelrahman highlighted Bonyan's positioning as a Real Estate Operating Company (REOC), which not only manages and owns assets but also reinvests cash flows to service acquisition liabilities and pursue new opportunities. 'Our model is well-suited for emerging markets where capital appreciation potential is high. GAV remains the most relevant measure of our performance, and our results continue to exceed inflationary pressures,' Abdelrahman said.
He added that the company's current GAV represents a significant improvement from its implied Enterprise Value per square meter at IPO, which stood at EGP 95.5k. 'This performance affirms our belief in the intrinsic value and resilience of Bonyan,' he noted.
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