Overview
France real estate firm's gross rental income rose 9.4% yr/yr
Funds from operations grew 8.8% yr/yr
Company proposed dividend of €1.40 per share, up 3.7% from last year
Outlook
Company emphasizes energy transition projects for sustainable growth
Patrimoine & Commerce continues strategic asset optimization for future growth
Result Drivers
ACQUISITIONS AND INDEXATION - Gross rental income increased by 9.4% due to acquisitions and contractual indexation
HIGH OCCUPANCY AND COLLECTION - Financial occupancy rate reached 95.6% with a rent collection rate of 99%
ENERGY TRANSITION PROJECTS - Focus on energy transition projects like charging stations and photovoltaic installations supports growth
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Gross Rental Income
EUR 57.60 mln
FY FFO
EUR 33.40 mln
FY Adjusted Net Asset Value
EUR 498 mln
Analyst Coverage
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nEQ6GNgqma
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)