ARGAN: H1 2024 rental income - €98 million, a strong increase of +8% [Yahoo! Finance]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: Yahoo! Finance
Rental income (IFRS) at June 30, 2024 (unaudited figures) € millions Year 2024 Year 2023 Trends st quarter (Jan. - March) nd quarter (April - June) Half-year total Rental income approaching €100 million in the 1 st half of 2024 In the first half of 2024, ARGAN, the leading French real estate company specializing in the development and rental of PREMIUM warehouses , recorded a strong +8% increase in its rental income that stood at €98 million over the period. This increase came primarily from the rents' indexation (+4.6%) that took place on January 1, 2024, complemented by the full-year impact of 2023 deliveries and 2024 deliveries. A historical year: €180 million in investments for 170,000 sq.m of total new built warehouses in 2024 Since the beginning of the year, ARGAN pursued its inaugurations at a sustained pace. In PRIME locations, the new platforms finalized in the first half of 2024 are located in: Eslettes (76) close to Rouen, for DSV Road, with an Aut0
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