FIDUCIAL REAL ESTATE First Quarter Financial Report

In the first quarter ending December 31, 2024, FIDUCIAL REAL ESTATE recorded consolidated revenues of €17.6 million. This represents a slight increase compared to €17.2 million in the previous year. This growth is attributed to the increase in rental income, thanks to the operation of new infrastructure and a price adjustment.

In the Service Providers sector, revenues suffered a cyclical decline of €0.5 million in transaction fees, mainly related to SCPI share subscriptions. This decrease was partially offset by an increase in recurring management revenues.

Regarding developments, the Lotus building reconstruction project in Courbevoie has reached a key milestone with the lifting of the last suspensive conditions and the end of the receipt in December 2024. For the current financial year, the estimated annual consolidated turnover is between 86 and 87 million euros.