from PATRIMOINE ET COMMERCE (EPA:PAT)
PATRIMOINE ET COMMERCE: Q1 2024 RESULTS
PATRIMOINE ET COMMERCE
PRESS RELEASE Q1 2024 RESULTS
Paris, April 12, 2024
The gross rental income of the real estate portfolio of Patrimoine & Commerce reached 13.1 million of euros for the first three months of 2024, an increase of +8.0% compared to the first three months of 2023.
This increase is mainly explained by:
Disposals During the first quarter of 2024, Patrimoine & Commerce completed the disposal of a small commercial gallery in Gaillon (Normandie), for a total consideration of € 1.0m, in line with appraisal value.
Outlook Eric Duval, Founder and Director of Patrimoine & Commerce declared: « The performance of the first quarter of 2024 confirms the solid trend of 2023, with the increase in rents under the effect of indexation and proactive management of our portfolio. We are benefiting from the positive effect of the delivery of the restructuring operation of Ville-du-Bois site, and we will continue to carry out targeted acquisitions and to dispose of non-core assets. We are continuing this approach with the aim of strengthening our position as leading player in low-cost retail parks in France”.
Agenda June 13, 2024 Annual General Meeting July 24, 2024 First-Half 2024 results October 11, 2024 Third-Quarter 2024 activity
------------------------------------ About Patrimoine & Commerce
Patrimoine & Commerce owns and operates a real estate portfolio, largely comprising retail property, covering a total surface area of close to 530,000 sqm. The assets are mainly located in retail parks near mid-sized towns throughout France. Patrimoine & Commerce benefits from a significant identified deal flow that will enable it to feed its growth, in terms of both assets under development and operating assets.
Patrimoine & Commerce is listed on NYSE Euronext Paris. ISIN code: FR0011027135 – Mnémo code: PAT
For further information, go to: www.patrimoine-commerce.com
For information, please contact:
Regulatory filing PDF file File: EN_CP Résultats 1T 2024 |
| Language: | English |
| Company: | PATRIMOINE ET COMMERCE |
| 45 avenue Georges Mandel | |
| 75016 PARIS | |
| France | |
| Phone: | +33146994762 |
| E-mail: | contact@patrimoine-commerce.com |
| Internet: | https://www.patrimoine-commerce.com/ |
| ISIN: | FR0011027135 |
| Euronext Ticker: | PAT |
| AMF Category: | Additional regulated information to be pubicly disclosed under the legislation of a Member State / First quarter financial report |
| EQS News ID: | 1878615 |
| End of Announcement | EQS News Service |
1878615 12-Apr-2024 CET/CEST