Driven by an 8% increase in rental income and a sharp reduction in its debt, the Group delivers an outstanding 25th financial year. With a portfolio valued at nearly €4 billion, results exceeding targets, and tangible ESG commitments already in place, the growth trajectory for 2025 is fully confirmed.
Remarkable growth in financial indicators
- Rental income: +8% to €198 million, target fully met
- Group share recurring net income: +9% at €137 million, target for the year overachieved
- Consolidated (IFRS) Group share net income: €246 million, including a positive impact from portfolio fair value of €118 million
A strengthened PREMIUM portfolio
- €180 million of investments delivered in 2024 and close to €170 million identified for 2025-2026
- A valuation of close to €4 billion (+6% vs. 2023), with a 100% occupancy rate
- NAV EPRA NTA: €86, up +8%
Debt reduction already on its way
- EPRA LTV: 43% (vs. 50% end of 2023)
- Net debt / EBITDA: 9.2x (vs. 11x end of 2023)
- Mastered cost of debt: 2.25% (vs. 2.30% in 2023)
2025 targets confirm a trajectory aiming for growth and debt reduction
- Rental income: €210 million, +6% (vs. €198 million in 2024)
- Group share recurring net income: €151 million, +11% (vs. €137 million in 2024)
- EPRA LTV: <40% (vs. 43% in 2024)
- Net debt / EBITDA: 8x (vs. 9.2x fin 2024)
- Dividend per share: €3.45, +5% (vs. €3.30 in respect of 2024)
Successful first milestones for the ESG roadmap
- A greener portfolio: 6 sites as part of the heat pumps plan
- Biodiversity strategy unveiled: 8 targets for 2030
- Improved rating with extra-financial agencies
