Selectisente: stable turnover; 4 euros dividend

( — The quarterly turnover of Select stands at 7.7 ME as of March 31, 2024, a slight increase of +0.9% compared to the same period last year. Rents alone stand at €7.5 million, stable compared to the first quarter of 2023, despite a major arbitration program carried out in 2023 (more than €21 million in sales, or 3.5% of the overall assets).
On a like-for-like basis, rents increased by +3.4% compared to those of the 1st quarter of 2023, the combined upward effect of rent indexation (+5.4%), re-rentals, lease renewals and sales of business assets (+2.7%) and, downwards, vacancy linked to tenant departures (-2.3%) and that resulting from current collective procedures (-2.4%) .

Since the start of the year, actions taken in terms of rental management (re-rentals and lease renewals) have made it possible to increase the annual rents of 13 businesses by +13.2% to €548 thousand (previously €484 thousand). The average financial occupancy rate (over the last 12 months) remains high and stands at 95.2% (95.6% over the year 202)3.


In consultation with the Supervisory Board, Selectisente confirms that a dividend of 4 euros per share for the 2023 financial year, an increase of more than 5% compared to the 2022 financial year, will be submitted to the vote of the General Meeting. General on May 31.
Subject to approval by this General Meeting, this dividend will be paid on June 13. Selectisente reminds that only holders of shares on the ex-date (i.e. 2 working days before the payment date), i.e. June 11, will be entitled to payment of this dividend.



In a market environment that has not yet stabilized, Selectisente intends to:
– continue its arbitration policy aimed at the strategic refocusing of its assets,
– preserve the solidity of its financial structure and thus control its debt level at 40% maximum and,
– seize opportunities that may arise in the current market environment.

Selectisente, which focuses on creating long-term value, will maintain dynamic and rigorous real estate management, while strengthening its presence in the main French metropolises, in Paris and the Paris region.

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