SFL's 2024 Financial Results: Resilient and Promising

Société Foncière Lyonnaise (SFL) reported robust financial performance for 2024, with EPRA earnings rising by 8.4% to €119.2 million. The portfolio value increased by 3.3% to €7,571 million, demonstrating SFL's strong market position in the Paris area. The occupancy rate was 99.4%, with offices fully occupied.

Despite facing a challenging commercial property market, SFL's strategic focus on the Paris market has supported its resilience. The company maintained a stable EPRA Net Tangible Assets (NTA) of €88.0 per share. It also recommended a dividend of €2.85 per share.

The appraisal value reflects increased rental values and stabilization of interest rates. The group's long-term outlook remains attractive, with a reversionary potential estimated at €65.8 million annually. Key redevelopment projects are underway, including the renovation of Haussmann Saint-Augustin and the Scope office building.