Brief: Paris Realty Fund FY Net Rental Income Up At 8.8 Million Euros

Paris Realty Fund SA

22/02/2024 17:55

Feb 22 (Reuters) - Paris Realty Fund SA  PARF.PA :
    * FY CONSOLIDATED SALES OF MEUR 33.8, BOOSTED BY HIGHER
RENTAL
INCOME AND MANAGEMENT FEE INCOME
    * FY MANAGEMENT FEE INCOME OF EUR 15.5M, STABLE COMPARED
WITH 2022
    * NET RENTAL INCOME AMOUNTS TO €8.8 MILLION IN 2023, AN
INCREASE
OF 31% COMPARED TO DECEMBER 31, 2022;
    * ASSETS UNDER MANAGEMENT REMAIN STABLE AT AROUND €3.0
BILLION AT
31 DECEMBER 2023
    * BOARD OF DIRECTORS PROPOSES A DIVIDEND OF 1.5EUR PER SHARE
PAYABLE IN CASH FOR THE FINANCIAL YEAR 2023, THE LATTER WILL BE
SUBJECT TO THE APPROVAL OF THE GENERAL MEETING WHICH WILL MEET
ON MAY 23, 2024
    * OUTLOOK: WILL CONTINUE TO DIVERSIFY ITS REVENUE BY
INCREASING
THE SHARE OF RECURRING CASH FLOW FROM MANAGEMENT FEES WHILE
MAINTAINING STRICT COST DISCIPLINE TO ACHIEVE CONTINUED MARGIN
IMPROVEMENT

Source text for Eikon:  ID:nACT84310 
Further company coverage:  PARF.PA 

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