ISIN:FR0011027135

PATRIMOINE ET COMMERCE: 2023 HALF-YEAR RESULTS

Retrieved on: 
Wednesday, July 26, 2023
Annual, Atlante, Grand Est, Partnership, Acquisition, NAV, Environment, Investment, Commerce, Salon-de-Provence

Net balance as of June 30, 2023

Key Points: 
  • Net balance as of June 30, 2023
    Over the first six months of 2023, Patrimoine & Commerce continued its development through the acquisition of a retail property in Saint-Parres-aux-Tertres (Grand Est), for a global amount of € 9.7m.
  • This approach materialized over this semester with a partnership signed with the Atlante group in April 2023, with a project to deploy 100 fast charging stations at 18 Patrimoine & Commerce sites, which will be installed by mid-2024.
  • The Annual General Meeting held on June 8, 2023 approved the distribution of a dividend of € 1.30 per share, for a global amount of € 20.2m.
  • This dividend implies a yield on NAV (before dividend distribution) of 4.4%, and a yield on share price of 7.0% (as of July 21st, 2023).