BRIEF

on SELECTIRENTE (EPA:SELER)

Review of the First Quarter 2024 for SELECTIRENTE

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SELECTIRENTE, specialist in city center retail real estate, has published its results for the first quarter of 2024. Turnover reached 7.7 million euros as of March 31, marking growth of 0.9% compared to the previous year. Rents remained stable at 7.5 million euros. The high concentration of its assets in Paris has helped maintain an average financial occupancy rate of 95.2%.

No new investments were recorded during this quarter, although a major acquisition is planned in the city center of Paris for a cost of around 2.9 million euros. In terms of distribution, SELECTIRENTE is proposing a dividend of 4 euros per share for 2023, up 5% compared to the previous year. This increase reflects the strength of the results and confidence in the company's strategy.

The commercial real estate market continues to attract investors, supported by a fall in interest rates and a return to balanced yield rates. SELECTIRENTE remains focused on the valuation of its portfolio and plans to continue its arbitrages to optimize its management.

R. E.

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