Argan: Rental income growth of +7% at €41m in the 1st quarter of 2022
05 April 2022 - 1:45AM
Argan: Rental income growth of +7% at €41m in the 1st quarter of
2022
Quarterly financial information
– Monday
04 April
2021 –
5:45 pm.
Rental income growth of
+7% at
€41m in
the 1st quarter
of
2022
Rental income (IFRS) at March 31, 2022 (unaudited
figures)
€m |
Financial year
2022 |
Financial year
2021 |
Change |
1st quarter (Jan.- March) |
40.7 |
38.2 |
+7% |
Rental income of
€40.7m in the
1st quarter of
2022
In the 1st quarter of 2022, ARGAN, the French
real estate company specialising in the development and rental of
PREMIUM warehouses, recorded rental income of
€40.7m,
up
+7% compared
with the same period last year. This strong growth is mainly due to
the full-year effect of rents generated by 2021 developments and
the delivery of three new projects in 2022.
Significant events of
the 1st
quarter of
2022
Since the beginning of this year, ARGAN
maintained its growth path with the delivery of three new
developments projects, for a total area of 27,000 sq.m:
- In January, the delivery of a
logistics platform of 14,000 sq.m located in Marne-la-Vallée, in
Serris, facing A4 highway, leased to two internationals tenants,
each one occupying a unit for a firm period of respectively three
and nine years.
Argan has inaugurated there Aut0nom®, the
warehouse producing its own green energy.Aut0nom® hosts a
photovoltaic power plant on the roof, coupled with a set of storage
batteries, the production of which is intended for self-consumption
by tenants. It replaces gas heating with electric air/air heat
pumps and generalizes smart LED lighting. Aut0nom® produces more
green energy than it consumes for its heating-cooling and
lighting.
- In February, the delivery of a
7,000 sq.m extension of our warehouse in Marne-la-Vallée, in
Chanteloup-en-Brie, for its current tenant Arvato Services
Heathcare, which extend the total area of the logistics platform to
28,000 sq.m, with a new lease of 6-year firm period
This extension is equipped with LED lighting
including motion sensor and a photovoltaic power plant which
produces 440 MWh annually, intended for self-consumption.
- In March, the delivery of a 6,000
sq.m extension of our 12,000 sq.m warehouse in Marne-la-Vallée, in
Croissy-Beaubourg leased since 2000 to L’Oréal. This extension is
leased to Intersurgical, with a lease of 9-year firm period.
This extension is equipped with LED lighting
including motion sensor and a photovoltaic power plant which
produces 120 MWh annually, intended for self-consumption.
These three developments will be certified BREEAM “very
good”.
Financial calendar
2022 (Publication of the press
release after closing of the stock exchange)
- 4 July: 2nd quarter sales 2022
- 20 July: Half-year results 2022
- 3 October: 3rd quarter sales 2022
About
Argan
ARGAN is the only French real estate company
specialising in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES
listed on EURONEXT.As at 31 December 2021, ARGAN’s portfolio
amounted to 3.3 million sq.m, comprising approximately 100
warehouses located exclusively in France, valued at €3.75 billion
and generating an annualised rental income of €162 million. 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 on 01 July 2007. www.argan.fr
Francis
Albertinelli – Chief Financial and Administrative Officer Stéphane
Saatdjian – Investor RelationsTel: +33 1 47 47 05 46 E-mail:
contact@argan.frwww.argan.fr |
Aude Vayre – Media relationsTel: +33 6 14 64 15 65E-mail:
argan@citigatedewerogerson.com |
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- 20220404 - Q12022 Rental income
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