We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Argan Sa | LSE:0GN6 | London | Ordinary Share | FR0010481960 | ARGAN ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 40.30 | 12 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 186.94M | -263.45M | -11.4151 | -6.70 | 1.77B |
Annual revenue – Monday 03 January 2022 – 5:45 pm.
2021 targets have been exceeded with rental income of €157m (+10%) and a portfolio valued at €3.75bn (excluding transfer taxes)
Rental income (IFRS) as at 31 December 2021 (unaudited figures)
€m | Financial year 2021 | Financial year 2020 | Change |
9-month total cumulated (Jan.-Sept.) | 117.0 | 106.0 | +10% |
4th quarter (Oct.-Dec.) | 39.8 | 36.4 | +9% |
Year total | 156.8 | 142.4 | +10% |
RENTAL INCOME GROWTH TARGET EXCEEDED
In the 4th quarter of 2021, ARGAN, the French real estate company specialising in the development and rental of PREMIUM warehouses, recorded rental income of €39.8m, a strong growth of over +9% compared with the same period last year, due mainly to the full-year effect of the units delivered throughout the year 2020 as well as rents generated by developments and acquisitions made throughout 2021.For the financial year 2021, rental income thus stands at €156.8m, up +10% compared with the financial year 2020 (€142.4m), thus exceeding the initial target of €154m.
€240 MILLION OF INVESTMENTS IN 2021
In 2021, ARGAN has invested €240m, representing more than 325.000 sq. meters and generating, at a rate of return of 5.65%, €13.5m of rental income:
At the same time, ARGAN sold a portfolio of four logistics hubs with a total area of more than 53,000 sqm to OPPCI GROUPAMA GAN REIM in October 2021.
A PREMIUM PORTFOLIO OF 3.3 MILLION SQ. METERS VALUED AT €3.75 BILLION EXCLUDING TRANSFER TAXES AT THE END OF DECEMBER 2021
As at 31 December 2021, the built portfolio amounts to 3,265,000 sqm. Its valuation is thus increasing by +24%, from €3,012m at the end of 2020 to €3,745m excluding transfer taxes (€3,934m including transfer taxes), resulting in a capitalisation rate of 4.30% excluding transfer taxes (4.10% including transfer taxes), down sharply compared to 5.05% excluding transfer taxes as at 31 December 2020.
The weighted average remaining fixed length of the leases, calculated as at 1st January 2022, is 5.9 years (up vs. 5.7 years as at 1st January 2021).The occupancy rate for the portfolio is 99% and its weighted average age is 9.6 years (vs. 9.2 years as at 31 December 2020).
Given the current health context, the annual results presentation will be broadcast live as a video webcast.
Financial calendar 2022 (Publication of the press release after closing of the stock exchange)
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. meters, comprising approximately 100 warehouses located exclusively in France, valued at €3.75 billion and generating annual 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 OfficerMarie-Caroline Schwartz – General CounselTel: +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 |
Pièce jointe
1 Year Argan Chart |
1 Month Argan Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions