PATRIMOINE ET COMMERCE: Q3 2022 RESULTS +7,3% IN GROSS RENTAL INCOME AT €35.3M

PATRIMOINE ET COMMERCE PATRIMOINE ET COMMERCE: Q3 2022 RESULTS +7,3% IN GROSS RENTAL INCOME AT €35.3M 06-Oct-2022 / 08:00 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.   PRESS RELEASE Q3 2022 RESULTS +7,3% in gross rental income at €35.3m     Paris, October 6, 2022   The gross rental income of the real estate portfolio of Patrimoine & Commerce reached 35.3 million of euros for the first nine months of 2022, an increase of +7.3% compared to 2021: GROSS RENTAL INCOME                   in millions of euros - 9 months 30/09/2022 30/09/2021 Var. Var. % Like-for-like Perimeter 32.1 30.8 +1.2 +3.9% Acquisitions 2.7 0.2 +2.5 n/a Disposals 0.3 1.8 (1.5) n/a Properties under restructuring 0.2 0.1 +0.2 n/a Gross rental income 35.3 32.9 +2.4 +7.3%   This increase is mainly explained by: A like-for-like increase of +3.9%, due to the contractual indexation of rents and the decrease in the amortization of Covid-19 rent free periods, A net positive impact of +1.0 million euros on acquisitions and disposals The finalization of the restructuration of an asset in Martinique   Disposals During the third quarter of 2022, Patrimoine & Commerce completed the disposal of two non-strategic assets, an industrial and office property in Parigné-l’Evêque (Pays de la Loire) and an asset in Bourgoin-Jallieu (Auvergne-Rhône-Alpes), bringing the total amount of disposals since the start of the year to €33.0 million, in line with appraisal value.   Outlook Eric Duval, Founder and Director of Patrimoine & Commerce declared: « Patrimoine & Commerce recorded in the third quarter of 2022 an increase of +7.3% of gross rental income, as a result of proactive portfolio management. We are confident in the fundamentals and the resilience of our business model, and we intend to strengthen our position as the leader in low-cost retail parks in France».   Agenda   February 22, 2023 2022 Full-Year Results     ------------------------------------ About Patrimoine & Commerce    Patrimoine & Commerce owns and operates a real estate portfolio, largely comprising retail property, covering a total surface area of more than 500,000 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:  PATRIMOINE & COMMERCE  KEIMA Communication  Eric DUVAL  Managing Director  [phone]    Emmanuel DOVERGNE  [phone]  [e-mail]      Regulatory filing PDF file File: Q3 2022 RESULTS +7,3% IN GROSS RENTAL INCOME AT €35.3M

Language:	English
Company:	PATRIMOINE ET COMMERCE
	45 avenue Georges Mandel
	75016 PARIS
	France
Phone:	[phone]
E-mail:	[e-mail]
Internet:	https://www.patrimoine-commerce.com/
ISIN:	FR0011027135
Euronext Ticker:	PAT
AMF Category:	Inside information / News release on accounts, results
EQS News ID:	1456627

End of Announcement	EQS News Service

1456627  06-Oct-2022 CET/CEST