on SELECTIRENTE (EPA:SELER)
Performance of SELECTIRENTE in the 3rd quarter of 2024
In a difficult economic context, SELECTIRENTE posted solid results. Rents increased by 2.3% at constant scope over the first nine months of 2024. However, turnover for this period is slightly down by 1.9 %, reflecting past arbitrage strategies.
The average financial occupancy rate remains high at 94.1%, although slightly lower than in 2023, due to some collective procedures. SELECTIRENTE sold 13 businesses for a price 15% higher than the estimate, generating a surplus distributable value of €5.3 million.
An early refinancing of €80 million was concluded in Sustainability Linked Loan, reinforcing SELECTIRENTE's commitment to sustainable development. The company was rewarded by EPRA for its efforts in extra-financial communication and continuous improvement .
R. P.
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