France · Delayed Price · Currency is EUR Argan Earnings Call Transcripts
Fiscal Year 2026
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Asset value and rental income grew in 2025, with a strong balance sheet and 100% occupancy. Dividend rises to EUR 3.45 per share, and all resolutions but one were approved. ESG initiatives advanced, with all new developments energy self-sufficient and BREEAM Excellent certified.
Fiscal Year 2025
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Rental income grew 8% to €106M and recurring net income rose 16% in H1 2025, with a 100% occupancy rate and strong asset revaluation. 2025 guidance is confirmed, targeting €210M rental income and €151M recurring net income, with further deleveraging and a 5% dividend increase.
Fiscal Year 2024
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Portfolio value and rental income grew strongly in H1 2024, with improved debt ratios and 100% occupancy. Guidance for 2024 and 2026 was confirmed, supported by new developments, asset disposals, and a €150 million equity raise. Political and market uncertainties are being closely monitored.