Argan is up over 1% following the publication by the logistics property company of rental revenues up 6% to €166.1 million for 2022, compared with Oddo's forecast of around €165 million.

Organic growth (+1.8%) is in line with indexation (+1.9%), suggesting not only that reversions are close to zero, but also that market rents are now in line with indexation," notes Invest Securities, which is maintaining its 'neutral' recommendation on the stock.

At December 31, 2022, the portfolio will represent 3,500,000 m². Its valuation rose by 5% year-on-year, to 3.94 billion euros excluding transfer duties, giving a capitalization rate of 4.45%, up slightly from 4.3% at the end of 2021.

Copyright (c) 2023 CercleFinance.com. All rights reserved.