Patrimoine et Commerce (FR:PAT) has released an update.
Patrimoine & Commerce reported robust first-half 2024 results, with a 6.1% increase in gross rents and a 16.2% rise in net income for the group. Their property valuation remained strong at €859 million, and they improved their Loan-To-Value (LTV) ratio to 42.5%. The company attributes its solid financial performance to adaptive management and a focus on low-cost retail parks, which has sustained them through an uncertain economic climate.
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