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Quarterly financial information at 31 March 2024
30 Apr 2024
Finance
Regulatory information
1 - Financial information
2024
First quarter 2024 revenue
€578.9 million (+4.0%)
Retail: all indicators are favorably oriented
  • Tenant's revenue: +7.0%
  • Occupancy rate: 97.2%
  • Rental income (3-month): €59.7 million, up +9.2% at constant scope
Residential: new orders progressing in volume, stable in value

New orders1 : 1,687 units (+10%), €469 million (-2%)
Revenue2 : €457.5 million, up +2.6%

"New-generation" offerings first launches expected in Q2
  • Business Property: significant progress on several projects
  • Permit cleared for office project in Paris-Montparnasse (55,000 m²)
  • Signing of a property development contract (PDC) on La Madeleine building in Paris (21,000 m²)
Solid financial position
  • Revenue: €578.9 million, up +4.0%
  • Taxonomy: revenue aligned at 55.6% (vs 48.1% in 2023)
  • €2.1 billion in liquidity3 as of March 31st 2024, no drawn RCF4


The strategic roadmap is progressing as per expectation shared during the 2023 annual results publication. A detailed update will be provided upon the release of the half-year results on Tuesday, July 30th (after market close)


Annual General Meeting on Wednesday, June 5th, 2024 - Dividend terms and schedule
  • Proposed dividend for 2023: €8.00 per share
  • Two payment options: 100% cash or 75% in shares and 25% in cash
  • Option period for partial conversion into shares from June 13 to June 25, 2024 (inclusive)
  • Ex-dividend date on June 11th and payment date on July 5th, 2024


1 For the first quarter.
2 Revenue in percentage of completion and external services.
3 Cash available in the form of investments (investment securities, certificates of deposit, credit balances) and drawdown rights on bank credit facilities (RCF, overdraft authorizations).
4 Revolving Credit Facilities.

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Altaréa SCA published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2024 16:00:07 UTC.