Appraisals values at end-December 2024:
– €3.91 Bn excluding duties (i.e., cap rate of 5.20%)
– €4.15 Bn including duties (i.e., cap rate of 4.90%)
– The average remaining term of the leases at end-December 2024: 5.3 years fixed
Gross financial debt at end-December 2024: €1.8bn
59% of fixed-rate bond
39% Hedged variable rates
2% Floating rate debt
– EPRA Loan to Value at end-December 2024: 43.1%
– EPRA NAV NRV at end-December 2024: €2.457 Bn, i.e., €96.7 / share
– EPRA NAV NTA at end-December 2024: €2.172 Bn, i.e., €85.5 /share
– EPRA NAV NDV at end-December 2024: €2.105 Bn, i.e., €87.5 /share
Argan’s main targets by end–2025:
– Rental income: €210m
– Recurring net Income – Group share: €151m
Regulated information
Argan has been listed on Euronext Paris since June 2007, on the A compartment of Euronext Paris. Argan is included in the CAC All-Shares, IEIF SIIC France and EPRA Europ indices. As of 1 July 2007, the Company opted for the SIIC tax regime
Place of cotation : Euronext Paris
ISIN: FR0010481960
Ticker: ARG
Number of shares at end-April 2025: 25,737,689