tiprankstipranks
Company Announcements

Patrimoine & Commerce Achieves Strong Growth in 2024 Annual Results

Story Highlights
Patrimoine & Commerce Achieves Strong Growth in 2024 Annual Results

Discover the Best Stocks and Maximize Your Portfolio:

Patrimoine et Commerce ( (FR:PAT) ) has shared an announcement.

Patrimoine & Commerce reported a significant increase in net profit attributable to the group by 41.1% for the fiscal year 2024, with a valuation of buildings at €904 million, and announced a dividend of €1.35 per share. The company continues its growth with strong leasing activity, achieving a financial occupancy rate of 95.4% and a rent and charge recovery rate of 99%, while managing to maintain a stable recurrent net profit amidst increased structural costs and financial debt.

More about Patrimoine et Commerce

Patrimoine & Commerce is a specialist real estate company focused on low-cost retail parks. The company operates in the real estate industry, primarily dealing with the management and development of retail properties, aiming to create value through strategic asset management and energy transition initiatives.

Average Trading Volume: 608

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €317.8M

For detailed information about PAT stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1