Scope Ratings revises Futureal’s outlook to Stable

Scope Ratings has affirmed the BB-issuer ratings of Futureal Development Holding Kft. and Futureal Holding B.V., revising the Outlook for both entities to Stable. The rating action reflects Scope’s recognition of Futureal’s consistent and resilient performance amid a challenging market environment, setting the company apart from many of its sector peers.

The revision of the Outlook was driven by the group’s stable interest coverage, improving earnings generation, and robust liquidity position. The increasing share of income-generating assets within the portfolio helps mitigate risks stemming from development activities and contributes to more predictable financial metrics.

According to Scope, Futureal’s growth continues to be driven by its HelloParks industrial real estate platform, which retains significant development potential. The company’s portfolio remains well balanced across office (35 percent), industrial (33 percent), and retail (32 percent) assets.

“Scope’s revised Stable Outlook is a strong endorsement to the market that Futureal’s financial position remains solid and our operations predictable and resilient, despite the ongoing macroeconomic and real estate challenges. This feedback carries even more weight in a market where many of our peers still face weaker ratings or negative outlooks,” said János Gárdai, CEO of Futureal.

Futureal has delivered more than 50 major office, retail, mixed-use urban, and industrial developments, covering nearly 2 million sqm and exceeding €3 billion in total value. Over the past two decades, the group has built extensive experience in delivering unique office and retail projects, as well as large-scale mixed-use and industrial developments, meeting the spatial needs of several Fortune 500 companies and transforming entire districts. In addition to Hungary, Futureal maintains an active presence in countries such as Poland and the United Kingdom.