Estateguru reached profitability in 2024

Real estate platform Estateguru funded more than 80 million euros in total in 2024. As a result, it surpassed 860 million euros in total funding volume. The platform also reached profitability by the end of the year.

Estateguru is a real estate crowdfunding platform from Estonia. It was founded in 2014. Halfway 2024, the platform announced that it had already funded 40.4 million euros so far. By the end of the year, that volume had doubled to 80.74 million euros.

Out of that volume, 20 million euros has already been repaid to investors, according to Estateguru. It also repaid 79 million euros from the 99.4 million euros funded in 2023.

Portfolio performance improved

In 2023, the platform said that it would enhance its credit policies to improve its portfolio performance. This seems to have worked. At least 96 percent of loans from the portfolio in 2023 are already repaid or being repaid on time. And of the portfolio from last year, 99 percent of loans are repaid or performing on schedule.

Investors earned 12.6 million euros in interest last year

Last year, the platform’s 162,800 users earned a total of 12.6 million euros in interest. This resulted in an average return of investment of 10.61 percent. According to Estateguru, investors from Germany contributed the most last year (28 million euros). In Estonia, for example, the contribution from investors was 15.7 million euros. Investors from Spain contributed the least: 3.6 million euros.

Profitability

“At the beginning of 2024, we set a strategic objective to transition from a high-growth, capital-intensive approach to a model focused on sustainable growth. I am happy to share that by the end of the year, the company became profitable”, said Mihkel Stamm, CEO of Estateguru. The platform will publish a fully audited annual report later this year.

Looking ahead

The platform has already announced plans for this year. It is launching a mobile app, and wants to strengthen its core Baltic markets. The platform will be focusing on Latvia and Lithuania, to balance loan volumes across the Baltic region.