Rental income up +10% for the first half of 2021 to €76m
01 Luglio 2021 - 5:45PM
Rental income up +10% for the first half of 2021 to €76m
Quarterly financial
information - Thursday
1st July
2021
– 5:45
p.m.
Rental income up
+10% for the
first half of 2021 to
€76m
Rental income (IFRS)
as at
30 June
2021
(unaudited
figures)
€M |
Financial year
2021 |
Financial year
2020 |
Change |
1st quarter (Jan.- March) |
38.2 |
34.8 |
+10% |
2nd quarter (April - June) |
38.0 |
34.7 |
+10% |
Half-year
total |
76.2 |
69.5 |
+10% |
Rental income for the first half
of 2021
up
+10%
In the 2nd quarter of 2021, ARGAN, the French
real estate company specialising in the development and rental of
PREMIUM warehouses, recorded rental income of
€38m,
up
+10% compared to
the 2nd quarter 2020. This strong growth is the result of the
full-year effect of the rents generated by the developments of the
year 2020 along with the rents of the deliveries of the first half
of 2021.
In the first half of
2021, rental income reached
€76.2m,
up +10% year-on-year and
on track with the initial guidance of €154m for 2021.
Significant events of the first half of
2021
In the first semester of 2021, ARGAN completed
four new transactions:
- In March, delivery of a logistics
platform of 14,200 sqm located in Gondreville,
leased to COLRUYT, a local supermarket brand, for
a fixed term of nine years. In order to limit the
carbon footprint and, in accordance with the Climate Plan of ARGAN,
the rooftop of this logistics hub is equipped with a photovoltaic
power plant producing 150 MWh per year dedicated to COLRUYT’s own
use. This installation saves 10 tons of CO² emissions per
year.
- In May, delivery of the
10,000 sqm extension consisting of two new
units on the site of Decathlon
in
Ferrières-en-Brie.
One unit is leased to Decathlon
under a firm 6-year lease. The second cell is
rented to XEFI, a leading IT services company for very
small / very small businesses, for a fixed term of 6
years.
- In May, acquisition from
Carrefour of 3 warehouses located in Lens,
Marseille and Plessis-Pâté for a total
surface area of 70,000 sqm in the context of the creation
of a joint property company (SCI – Société Civile Immobilière) held
at 60% by ARGAN and 40% by the Carrefour Group. The warehouses of
Lens and Marseille are being refurbished.
- In June, delivery of a new
warehouse of 22,000 sqm in
Escrennes, leased to FDG Group,
leader in the non-food retail market, for a fixed term of 9
years.
As
at 30 June
2021,
our property portfolio
adds up then to
3,100,000
sqm and the occupancy rate is now
99% due to rental vacancy
of a site located
in the Paris region,
in Ferrières
(vacant since
April
30th).
Financial
calendar
2021 (Publication of the press
release after closing of the stock exchange)
- 15 July: Half-year results 2021
- 01 October: 3rd quarter sales 2021
About
Argan
ARGAN is the only French real estate company
specialising in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES
listed on Euronext.As at 31 December 2020, ARGAN’s portfolio
amounted to 3 million sq. meters, comprising approximately 100
warehouses located exclusively in France, valued at €3 billion and
generating an annualised rental income of €152 million.ARGAN is
listed on Compartment A of Euronext Paris (ISIN FR0010481960 - ARG)
and is included in the CAC All-Share and IEIF SIIC France indices.
The company opted for the listed real estate investment companies
(SIICs) tax regime on 01 July 2007.www.argan.fr
Francis
Albertinelli - Chief Financial and Administrative
OfficerMarie-Caroline Schwartz – General CounselTel: +33 1 47 47 05
46 E-mail: contact@argan.frwww.argan.fr |
Aude Vayre – Media relationsTel: +33 6 14 64 15
65Philippe Ronceau – Investor relationsTel: +33 6 64 12 53 61
E-mail: argan@citigatedewerogerson.com |
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- 20210701 ARGAN Rental Income HY 2021 - English version
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