sur PAREF (EPA:PAR)
PAREF 2024 quarterly results: results and outlook
PAREF Group announced consolidated revenues of €21.4 million as of September 30, 2024, a decrease of 19% compared to 2023. Gross rental income remained stable despite a slight decrease of 2%, while management fees increased by 9%, reaching €12.4 million. On the other hand, subscription fees fell by 71%, reflecting a slowing real estate market.
Among the highlights, PAREF has strengthened its presence in Italy with the management of Fondo Broggi. In addition, the strategic restructuring of its SCPI range in France continues. At the same time, PAREF was rewarded for its financial and extra-financial report by EPRA and received the distinction of “Strong Notoriety” for SOLIA Paref. Finally, the TEMPO project obtained a high score of 97/100 in the GRESB ranking for its ESG performance.
R. E.
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