ALTAREA unveils its financial results for the first quarter of 2024

ALTAREA has published its turnover for the first quarter of 2024, recording an increase of 4.0% to reach 578.9 million euros. The retail sector shows positive indicators with a 9.2% increase in rental income on a like-for-like basis and an occupancy rate of 97.2%. In residential real estate, despite an increase in reservations in volume of 10%, turnover in value shows a slight drop of 2%.

Concerning corporate real estate, ALTAREA obtained the final permit for a project in Montparnasse and signed a contract for a project in La Madeleine. The company's liquidity remains solid with 2.1 billion euros available at the end of the quarter. The financial strategy aligns 55.6% of turnover with the European taxonomy compared to 48.1% in 2023.

Finally, the general meeting announced for June 5, 2024 will discuss the proposed dividend of 8.00 euros per share, with options paid in cash or shares. The next publication of half-year results is scheduled for July 30, 2024.