Heritage & Commerce: Annual Results 2024

Patrimoine & Commerce reports robust annual results for 2024. Net income, group share, increases by 41.1%, reaching €41 million. The properties are valued at €904 million, an increase of 5.3% compared to 2023. A dividend of €1.35 per share is planned, offering a yield of 6.6% on the share price.

Gross rents increased by 4.1% to €52.6 million, thanks in particular to recent acquisitions and the indexation of leases. The company continues its expansion with the purchase of a portfolio of 13 assets and investments in new projects.

The LTV ratio improved slightly to 43.1%, leaving room for future investments. The occupancy rate of the property reached 95.4%, while the cost of net financial debt increased by 13.3%.