Earnings before interest, taxes, depreciation and amortisation increased by 21 percent to €92.2 million (R1.48 billion), compared with the same time last year.
Nepi, which mainly owns shopping malls in central and eastern Europe, was earlier this month cleared of false or misleading financial reporting in 2017 by the Financial Sector Conduct Authority (FSCA).
This was after Viceroy Securities had issued a report last November claiming inconsistencies in its financial reporting. An FSCA investigation into possible prohibited trading practices by third parties is still open.
The group said on Friday that it had strengthened the portfolio positioning by extending successful retail concepts in the region, such as Monki in Poland, Xiaomi in Romania, and GAP and Ted Baker, in the portfolio.