From GlobeNewswire: 2025-01-03 11:45:00

ARGAN, a French real estate company, achieved a +8% growth in rental income for 2024, hitting €198 million and meeting yearly targets. Full warehouse occupancy at 100% for the second year was maintained. Sequential rental income growth from Q1 to Q4 was a result of successful commercial strategies. Sequential decline in Q4 linked to the sale of a datacenter in Wissous.

In 2024, ARGAN invested €180 million in 170,000 sq.m of new warehouses, generating €12 million in rental income, with an average yield of 6.6%. The company delivered 8 new sites to clients like DSV Road, Carrefour, U Proximite, and more, all pre-let in prime locations.

ARGAN completed its 2024 asset disposals program, totaling €77 million, including the sale of a logistics platform in Caen and a datacenter in Wissous. The company’s premium portfolio, appraised at €3.9 billion, saw a 6% increase in value in 2024, with a 100% occupancy rate for the second year in a row.

The company’s 2025 financial calendar includes key dates like the annual results announcement on January 16 and the general assembly on March 20. ARGAN specializes in developing and renting premium warehouses, with a portfolio of 3.7 million sq.m generating close to €205 million in yearly rental income.



Read more at GlobeNewswire:: ARGAN: RENTAL INCOME 2024 – TONIC GROWTH OF +8%