Quarterly financial information – Neuilly-sur-Seine,
Rental income up +6% in the 1st quarter of 2024
Rental income (IFRS) as of
€ million | Year 2024 | Year 2023 | Trend |
1st quarter (Jan. – March) | 48.1 | 45.2 | + 6% |
Rental income at €48.1 million in the 1st quarter of 2024
In the 1st quarter of 2024,
A distribution centre delivered to
In the 1st of quarter 2024,
A sustained pace of deliveries for the coming months
In 2024, ARGAN’s very strong business momentum is continuing with a volume of secured developments of close to €180 million for a total of 170,000 sq.m, generating an average yield approaching 7 %. The high profitability of deliveries planned for 2024 testifies to ARGAN’s ability to pursue its profitable growth momentum, driven by a portfolio of Aut0nom®-labelled warehouses on strategic locations, as part of a long-term partnership approach with reliable and blue-chip clients.
More specifically,
- St-Jean-sur-Veyle (01), near Mâcon, for U PROXIMITE (a new client), for an Aut0nom®-labelled tri-temperature warehouse of 31,300 sq.m, which will be close to the one rented to
BACK EUROP France since 2023, for a 12-year fixed-term lease; - Bolbec (76), at the periphery of Le Havre, for
DACHSER (a new client) for an Aut0nom®-labelled warehouse of 15,200 sq.m alongside a site previously delivered to DIDACTIC in 2022; and in - Mondeville (14), on the beltway of Caen, for an Aut0nom® building of 82,000 sq.m for CARREFOUR, on a former industrial brownfield of Stellantis, with a nine-year fixed-term lease.
2024 financial calendar (Publication of the press release after closing of the stock exchange)
July 1 : Net sales of 2nd quarter 2024July 24 : Half-year results 2024October 1 : Net sales of 3rd quarter 2024
2025 financial calendar (Publication of the press release after closing of the stock exchange)
January 3 : Net sales of 4th quarter 2024January 16 : Annual results 2024
March 20 :General Assembly 2025
About
Profitability, tight control over our debt and sustainability are at the heart of
As of today, our portfolio represents 3.6 million sq.m, across about a hundred warehouses, exclusively located in the continental part of
www.argan.fr
Phone: +33 1 47 47 47 40 E-mail: contact@argan.fr www.argan.fr | Marlène Brisset – Media relations Phone: +33 6 59 42 29 35 E-mail: argan@citigatedewerogerson.com |
Attachment
- 20240402 - Rental Income Q12024
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