Société de la Tour Eiffel - 2024 half-year results

The Board of Directors of the Société de la Tour Eiffel approved the half-year accounts as of June 30, 2024. The value of the company's assets is down 4.5% to €1.7 billion. Gross rental income amounted to €41.2 million, up 2.1% on a like-for-like basis. The consolidated net result is -€39.1 million compared to -€16.3 million in 2023.

The Company has completed €17 million in disposals, invested €38 million and has a drawing capacity of €440 million. The LTV debt ratio is 44.5% and the current cash flow per share is €0.58.

The Société de la Tour Eiffel continues to transform its assets with projects in Lyon, Aix-en-Provence, Puteaux, Nanterre and Bobigny. A total of €200 million in assets has been sold since the launch of its sustainable change plan.

Despite the challenges of the real estate market, the Company aims for sustainable growth by aligning with ESG issues. Managing debt and upcoming financial deadlines remains a priority.