DJ PATRIMOINE ET COMMERCE: Q1 2025 RESULTS
PATRIMOINE ET COMMERCE PATRIMOINE ET COMMERCE: Q1 2025 RESULTS 10-Apr-2025 / 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 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. GROSS RENTAL INCOME in millions of euros - 3 months 31/03/25 31/03/24 Var. Var. % Constant Perimeter 13.4 13.0 +0.4 +3.3% Acquisitions 0.9 - +0.9 n/a Disposals 0.1 0.1 0.0 n/a Gross rental income 14.3 13.1 +1.3 +9.6%
This increase is mainly explained by:
-- A like-for-like increase of +3.3%, mainly due to the contractual indexation of rents,
-- A positive impact of the acquisitions carried out during the last quarter of 2024.
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 EUR 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 EUR50 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:
PATRIMOINE & COMMERCE PRESS - INVESTORS RELATIONS
Eric DUVAL
CYLANS
Managing Director
Tél.: +33 (0)7 88 09 17 29
contact@patrimoine-commerce.com
patrimoine-commerce@cylans.fr
-----------------------------------------------------------------------------------------------------------------------
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 PAT
Ticker:
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
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2113196&application_name=news&site_id=dow_jones%7e%7e%7ef1066a31-ca00-4e1a-b0a4-374bd7d0face
(END) Dow Jones Newswires
April 10, 2025 02:01 ET (06:01 GMT)
