1 March 2024
- Strong increase in main financial indicators
- Rental income: +11% to €184 million (initial target: €182 million)
- Recurring net income – group share: +5% to €126 million (initial target: €124 million)
- Dividend: €3.152 in respect of 2023 (+5% vs. 2022)
- Consolidated Group share net income: -€263.5 million, including a portfolio fair value impact of -€373.2 million
- Maintained solid balance sheet
- LTV at 49.7% (under the initial assessment of an exceeded 50% threshold): set to clearly decrease starting 2024 and much lower than our bond covenant
- Cost of debt remaining under tight control at 2.3%
- Strengthened leadership over the French logistics real estate market
- After €132 million invested in 2023, a record pipeline of €180 million for 2024
- Premium portfolio valued €3.7 billion (excluding duties), with 100% occupancy rate
- Demonstrated resistance of the NAV EPRA NTA: €79.1
- Ambitious 2024 annual targets
- Rental income: €197 million (+7% vs. 2023)
- Group share Recurring net income: €133 million (+6% vs. 2023)
- Dividend per share: €3.30 (+5% vs. 2023)
- Strongly proactive ESG roadmap
- 100% of new developments under the Aut0nom® label, the “in-use” Net Zero warehouse
- €50 million of total investments from 2024 to 2030 for new electric heat pumps to replace gas boilers
- 100% of ARGAN employees shareholders starting from 2024