par PATRIMOINE ET COMMERCE
PATRIMOINE ET COMMERCE: Q3 2024 RESULTS +5.6% IN GROSS RENTAL INCOME AT €39.5M
PATRIMOINE ET COMMERCE
PRESS RELEASE Q3 2024 RESULTS +5.6% in gross rental income at €39.5m
Paris, October 11, 2024
The gross rental income of the real estate portfolio of Patrimoine & Commerce reached 39.5 million of euros for the first nine months of 2024, an increase of +5.6% compared to the first nine months of 2023.
This increase is mainly explained by:
Disposals During the first nine months of 2024, Patrimoine & Commerce continued its asset rotation policy with the disposal of a small commercial gallery in Gaillon (Normandie), as well as two isolated commercial units in Saint-Gaudens (Occitanie) and in Chambly (Hauts-de-France) for a total consideration of € 2.1m.
Outlook Eric Duval, Founder and Director of Patrimoine & Commerce declared: “Patrimoine & Commerce observes a +5.6% increase in rents in the third quarter of 2024, as a result of active portfolio management. We are confident in the fundamentals and robustness of our economic model, and we aim to strengthen our status as a leading player in low-cost retail parks in France”.
Agenda February 19, 2025 2024 Full-Year Results
------------------------------------ About Patrimoine & Commerce
Patrimoine & Commerce owns and operates a real estate portfolio, largely comprising retail property, covering a total surface area of close to 530,000 sqm. The assets are mainly located in retail parks near mid-sized towns throughout France. Patrimoine & Commerce benefits from a significant identified deal flow that will enable it to feed its growth, in terms of both assets under development and operating assets.
Patrimoine & Commerce is listed on NYSE Euronext Paris. ISIN code: FR0011027135 – Mnémo code: PAT
For further information, go to: www.patrimoine-commerce.com
For information, please contact:
Regulatory filing PDF file File: EN_PR Q3 24 Results |
Language: | English |
Company: | PATRIMOINE ET COMMERCE |
45 avenue Georges Mandel | |
75016 PARIS | |
France | |
Phone: | +33146994762 |
E-mail: | contact@patrimoine-commerce.com |
Internet: | https://www.patrimoine-commerce.com/ |
ISIN: | FR0011027135 |
Euronext Ticker: | PAT |
AMF Category: | Additional regulated information to be pubicly disclosed under the legislation of a Member State / Third quarter financial report |
EQS News ID: | 2006309 |
End of Announcement | EQS News Service |
2006309 11-Oct-2024 CET/CEST