ARGAN joins the best performing listed real estate companies by integrating the EPRA index
14 March 2023 - 3:45AM
ARGAN joins the best performing listed real estate companies by
integrating the EPRA index
Information –
Monday 13th
March
2023
– 5.45 PM
ARGAN joins the best
performing listed
real estate
companies by
integrating the EPRA index
ARGAN has just
received confirmation of
its inclusion in the EPRA Europe index
(FTSE EPRA NAREIT EUROPE) as of Monday
20 March 2023.
Launched in May 2000, the EPRA index is made up
of the best performing real estate stocks that are representative
of the listed real estate sector in Europe. Investors rely on the
expertise and professionalism of the EPRA to ensure optimal
monitoring of the European market and to compare the performance of
their portfolio. With approximately 500 stocks, the global index
represents more than EUR 3 trillion of prime real estate
worldwide.
Extensive internal work was carried out to
validate the 6 criteria for inclusion in the index: being listed on
Euronext, having more than 80% of its income from rents (100% for
ARGAN), having a capitalisation of more than €270m (€1,855m as at
10/03/2023), making its accounts available in English, having a
free float with voting rights of >5%, and having sufficient
liquidity. The last criterion (liquidity) has been validated for
the whole of 2022. As an illustration, the average daily volume of
shares traded is 20,000 (for the period from 6 to 10 March
2023).
Listed since 2007, ARGAN has continued to grow
since then. Listed in compartment A of Euronext, ARGAN shares are
included in the CAC All-Share, IEIF SIIC France and will be in the
EPRA index as of 20 March 2023. This could lead to a future
inclusion in the SBF 120 index.
This new stage in the
property company's
stock market
career is an
excellent way to
increase the
visibility of ARGAN
share, boost its
liquidity and
favourably impact
its
price.
About
Argan
ARGAN is the only French real estate company
specialized in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES
listed on EURONEXT. As of 31st December 2022, ARGAN’s portfolio
amounted to 3.5 million sqm, comprising approximately 100
warehouses located exclusively in France, valued at €4.0 billion.
ARGAN is listed on Compartment A of Euronext Paris (ISIN
FR0010481960 - ARG) and is included in the CAC All-Share and IEIF
SIIC France indices. The company opted for the listed real estate
investment companies (SIICs) tax regime since 01st July
2007.www.argan.fr
Francis
Albertinelli - Chief Financial OfficerAymar de Germay – General
SecretaryTél : 01 47 47 05 46 E-mail :
contact@argan.frwww.argan.fr |
Aude Vayre – Press RelationsTél : 06 14 64 15
65E-mail : argan@citigatedewerogerson.com |
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