(CercleFinance.com) – Inea announced on Wednesday that it had achieved solid operational growth in 2023 and maintained the value of its assets, a performance described as unique in the ‘heckled’ sector of listed office real estate.
The SIIC indicates that its consolidated gross rental income increased by 15.5% last year to reach 67.5 million euros, mainly due to the entry into operation of new buildings.
On a like-for-like basis, net rents still show an increase of 8.7%, in particular thanks to indexation and the improvement in the occupancy rate of its buildings.
With growth of 23%, gross operating surplus (EBE) grew faster than rental income due to the control of operating costs.
The recurring net profit (RNR) therefore increased by 4% to 25.4 million euros over the past financial year.
From Inea’s point of view, the highlight of the 2023 financial year nevertheless remains the resilience of the value of its assets, which increased by 0.4 million euros at constant scope in a context marked by the rise in rates.
The company says it is the only real estate company to show growth in the value of its total assets, which stood at 1,266 million euros at the end of 2023, compared to 1,224 million twelve months earlier.
The property company plans to offer its shareholders a stable dividend of 2.70 euros per share, giving a yield of 7.1% on the price on December 31, 2023.
Listed on the Paris Stock Exchange, Inea shares changed little (+0.5%) on Wednesday following all of these announcements.