Appraisals values at end-June 2024:
– €3.76 Bn excluding duties (i.e., cap rate of 5.30%)
– €3.98 Bn including duties (i.e., cap rate of 5.00%)
– The average remaining term of the leases at end-June 2024: 5.5 years fixed
Gross financial debt at end-June 2024: €1.8bn
58% of fixed-rate bond
39% Hedged variable rates
3% Floating rate debt
– EPRA Loan to Value at end-June 2024: 45.9%
– EPRA NAV NRV at end-June 2024: €2.278 Bn, i.e., €89.7 / share
– EPRA NAV NTA at end-June 2024: €2.005 Bn, i.e., €78.9 /share
– EPRA NAV NDV at end-June 2024: €2.105 Bn, i.e., €82.8 /share
Argan’s updated targets to by end–2024:
– Rental income: €197m
– Recurring net Income – Group share: €135m
Regulated information
Argan has been listed on Euronext Paris since June 2007, on the A compartment of Euronext Paris. Argan is included in the CAC All-Shares, IEIF SIIC France and EPRA Europ indices. As of 1 July 2007, the Company opted for the SIIC tax regime
Place of cotation : Euronext Paris
ISIN: FR0010481960
Ticker: ARG
Number of shares at end-June 2024: 25,402,673