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The Vatican announced a significant financial gain on Monday, reporting a €62.2 million ($72.2 million) profit from its financial assets and real estate in 2024.
This represents a more than 35% increase from the previous year, a positive development that could help alleviate its ongoing budget deficit.
The Administration of the Patrimony of the Apostolic See (APSA), which manages the Vatican’s extensive real estate holdings, recorded a €16 million boost in 2024, according to its recently published balance sheet.
These strong results will enable a €46.1 million contribution to the needs of the Holy See and the Roman Curia (its central government), an increase of €8 million compared to last year. Archbishop Giordano Piccinotti, president of APSA, praised this outcome as one of the best in recent years.
As part of the late Pope Francis’ commitment to promoting transparency, the Vatican has been publishing annual reports on its holdings since 2021.
The Vatican currently manages 4,234 properties in Italy through APSA, with an additional 1,200 properties located abroad, notably in major cities like Paris, London, and Geneva.
Pope Leo XIV now faces the challenge of further restoring the Vatican’s finances, which have been burdened by a chronic budget deficit, partly due to declining donations.
However, there was a positive sign last month when the Vatican reported an increase in donations made to the Pope for charitable missions, rising from €52 million in 2023 to €58 million in 2024.
