from PATRIMOINE ET COMMERCE
PATRIMOINE ET COMMERCE: Q1 2025 RESULTS
PATRIMOINE ET COMMERCE
PRESS RELEASE Q1 2025 RESULTS
Paris, April 10, 2025
The gross rental income of the real estate portfolio of Patrimoine & Commerce reached 14.3 million of euros for the first three months of 2025, an increase of +9.6% compared to the first three months of 2024.
This increase is mainly explained by:
Disposals During the first quarter of 2025, Patrimoine & Commerce completed the disposal of a commercial asset in Limoges Le Vigen (Nouvelle-Aquitaine), for a total consideration of € 5.2m, in line with appraisal value.
Refinancing During the first quarter of 2025, Patrimoine & Commerce secured the refinancing of a corporate loan amounting to €50 million. This loan has been extended for a duration of 5 years with an option to extend for a maximum maturity of 7 years. This financing allows for the extension of the debt maturity to support the development of the company.
Outlook Eric Duval, Founder and Director of Patrimoine & Commerce declared: « The results of the first quarter of 2025 confirm the strong momentum observed in 2024, marked by the increase in rents thanks to indexation and proactive management of our portfolio. We are benefiting from the positive effects of acquisitions made in the last quarter of 2024 and are continuing our policy of targeted acquisitions and divestment of non-strategic assets in 2025. We are pursuing this approach to strengthen our position as a leading player in low-cost retail parks in France”.
Agenda June 12, 2025 Annual General Meeting July 23, 2025 First-Half 2025 results October 9, 2025 Third-Quarter 2025 activity
------------------------------------ About Patrimoine & Commerce
Patrimoine & Commerce owns and operates a real estate portfolio, largely comprising retail property, covering a total surface area of more than 556,000 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:
Regulatory filing PDF file File: EN_CP Résultats 1T 2025 |
| Language: | English |
| Company: | PATRIMOINE ET COMMERCE |
| 45 avenue Georges Mandel | |
| 75016 PARIS | |
| France | |
| Phone: | +33146994762 |
| E-mail: | contact@patrimoine-commerce.com |
| Internet: | https://www.patrimoine-commerce.com/ |
| ISIN: | FR0011027135 |
| Euronext Ticker: | PAT |
| AMF Category: | Additional regulated information to be pubicly disclosed under the legislation of a Member State / First quarter financial report |
| EQS News ID: | 2113196 |
| End of Announcement | EQS News Service |
2113196 10-Apr-2025 CET/CEST