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on PATRIMOINE & COMMERCE (EPA:PAT)

Gross rents for Heritage & Commerce up in Q3 2024

Stock price chart of PATRIMOINE & COMMERCE (EPA:PAT) showing fluctuations.

Patrimoine & Commerce announces a 5.6% increase in its gross rents, reaching €39.5 million for the first nine months of 2024. This increase is mainly due to a 4.3% like-for-like increase, influenced by the indexation of leases and the reduction of Covid-19 franchises. The full-year effect of the restructuring of Ville-du-Bois and the acquisition of an asset in Saint-Parres-aux-Tertres in 2023 also contributed to this growth.

Strategic disposals were made, involving a shopping mall in Gaillon and two isolated units, totaling 2.1 million euros. Eric Duval, manager of the company, remains confident in the economic model and aims to strengthen the position on the retail park market in France.

R. P.

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