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PAT Patrimoine et Commerce SCA News Story

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FinancialsConservativeSmall CapSuper Stock

France's Patrimoine & Commerce rental income rises 9.4% y/y on acquisitions, contractual indexation

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

MetricBeat/MissActualConsensus Estimate
FY Gross Rental IncomeEUR 57.60 mln
FY FFOEUR 33.40 mln
FY Adjusted Net Asset ValueEUR 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 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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.)

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