Still driven by strong momentum, ARGAN recorded a robust +8% year-on-year increase in rental income, reaching €198 million at the end of December. The property company thus fully met the annual target, which had been raised following the publication of rental income for the first nine months. A maximum occupancy rate of 100% was maintained for the second consecutive year.
- Full-year 2024 rental income: €198 million, up +8%
- A remarkable year: 8 projects delivered over the period, totaling €180 million in investments for 170,000 sq.m of new warehouses
- 2024 disposal plan completed: €77 million through two asset sales
- Portfolio valuation: €3.9 billion, up 6% year-on-year, with a net initial yield (excl. transfer taxes) of 5.20% (slightly higher than at end-2023 (5.10%) but reflecting a compression compared with the level at end-June 2024 (5.30%))
