Review of the First Quarter 2024 for SELECTIRENTE

SELECTIRENTE, specialist in city center retail real estate, has published its results for the first quarter of 2024. Turnover reached 7.7 million euros as of March 31, marking growth of 0.9% compared to the previous year. Rents remained stable at 7.5 million euros. The high concentration of its assets in Paris has helped maintain an average financial occupancy rate of 95.2%.

No new investments were recorded during this quarter, although a major acquisition is planned in the city center of Paris for a cost of around 2.9 million euros. In terms of distribution, SELECTIRENTE is proposing a dividend of 4 euros per share for 2023, up 5% compared to the previous year. This increase reflects the strength of the results and confidence in the company's strategy.

The commercial real estate market continues to attract investors, supported by a fall in interest rates and a return to balanced yield rates. SELECTIRENTE remains focused on the valuation of its portfolio and plans to continue its arbitrages to optimize its management.