PAREF 2024 Annual Results: Growth and Challenges

PAREF publishes its annual results for 2024 marking a year of growth, despite operational challenges in a changing European market. The group increased the value of its own assets to €186 million, despite a decline in the occupancy rate to 75%. The expansion of third-party management increased by 4%, with assets under management reaching €2.9 billion.

In 2024, PAREF signed a management mandate with Parkway Life REIT and started its activities in Italy. The proposal to maintain the dividend at €1.5 per share reflects the confidence of the Board of Directors, despite a decrease in net rental income of 11% and a significant reduction in gross collection of SCPIs.

For 2025, PAREF aims to continue diversifying and improving its offerings, based on a ONE-STOP-SHOP strategy and selective investments. Commitment to sustainability remains at the heart of this strategy, supported by the “Create More” initiative.