Heritage & Commerce: Results for the first half of 2025

Patrimoine & Commerce announces a 9.7% increase in gross rental income for the first half of 2025, reaching €28.7 million. Recurring net income increased by 9.1% to €16.6 million. However, net income attributable to equity holders of the parent decreased by 18.7% to €12.1 million. The property valuation is €897 million, with an improved LTV ratio of 41.5%.

Rental activity remains dynamic, with the signing of 56 leases and an optimization of the financial occupancy rate to 95.5%. The rent collection rate reached 99%. The group maintained prudent debt management, with 88% of it hedged at fixed or variable rates. The general meeting approved a dividend of €1.35 per share.