Selectirente SA Achieves Strong Mid-Year Growth

Selectirente SA (FR:SELER) has released an update.

Selectirente SA reports a strong growth in its net IFRS result, reaching €13.2 million in the first half of 2024, marking a significant increase from €1.2 per share in the same period of 2023. The company’s lease income has grown by 3.5% on a like-for-like basis, and it has maintained a high average financial occupancy rate of 94.6%. Despite a slight decrease in asset valuation, Selectirente continues its strategic investment in neighborhood retail properties, with 61% of assets now located within Paris city limits.

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