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Investors

Key figures

Portfolio

Appraisals values at end-December 2021:

– €3.75 Bn excluding duties (ie cap rate of 4.30%)
– €3.93 Bn including duties (ie cap rate of 4.10%)

Leases term

– The average remaining term of the leases at end-December 2021: 5.9 years fixed 

Financial Debt & LTV

Gross financial debt at end-December 2021: €2.16bn
30%
of fixed-rate bond (1.52%)
35% Fixed rate debt (1.47%)
29% Hedged variable rate debt (1.51%)
6% Floating rate debt (Eur 3 months +1.42%), ie an average cost of 1.50%

– Loan to Value (excl.duties) at end-December 2021: 43%
– EPRA NAV NRV at end-December 2021: €2.32 Bn, ie 102.5 / share
– EPRA NAV NTA at end-December 2021: 2.07 Bn, ie 91.8 /share

Targets

Argan’s targets to accomplish before end2022 :
– Rental income of €163m
– EPRA NAV NRV of 107/ share
– A dividend of €2.75/ share

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 and IEIF SIIC France 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 2022: 22,951,290