(News Bulletin 247) – The Board of Directors of Société de la Tour Eiffel, meeting on March 9, 2023, approved the annual and consolidated financial statements closed on December 31, 2022.
Consolidated net income is 4.0 ME (vs. 2.8 ME); the EPRA result per share is posted at 1.9 E (vs. 1.6 E). Current cash flow per share is 1.8 E (vs. 1.7 E).
In 2022, 99% of rents were collected and 13.8 ME in leases were signed, including 7.7 ME in new leases. On a like-for-like basis, the value of the portfolio is down slightly by 1.8% to €1.79 billion. Above all, the EPRA occupancy rate stands at 78.1% (vs. 75.6%).
Current operating income came to 53.6 ME (vs. 51.4 ME).
Financial expenses amounted to 13.9 ME (vs. 15.5 ME), reflecting the favorable effect of interest rate hedging and early loan repayments.
‘The transformation of the portfolio is accompanied by a necessary transition phase before allowing shareholders to benefit from this new model’, emphasizes Christel Zordan, Managing Director of Société de la Tour Eiffel.
The Board of Directors will propose to the General Meeting of shareholders a dividend of 0.75 E.
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