Altarea posted sales of nearly 1.82 billion euros for the nine months to September 30, 2023, down 11.1% due to the decline in development activity, and with the rate of alignment with the European taxonomy at 47.1% (versus 44% for fiscal 2022).

It expects annual FFO for 2023 to fall sharply, but to be significantly better than the trend seen in the first half of 2023. The dividend will now be equal to eight euros per share, with an optional share component of 75%.

AltaGroupe (A. Taravella family) and its affiliates, on the one hand, and Crédit Agricole Assurances and its affiliates, on the other, representing together nearly 69% of Altarea's share capital, have undertaken to opt for full payment of the proposed dividend in shares.

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