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Recurring net income is up +9% to €55.4m as at 30 June 2021, representing 73% of the rental income, which is stable year-on-year. The exceptional increase in net income group share of +582% to €338.3m is mainly due to the very large positive change in the fair value of the portfolio of €286m in the first half of 2021 compared to €5.7m last year, reflecting in particular the contraction in capitalisation rates.