PATRIMOINE ET COMMERCE: Q3 2023 RESULTS +6,1% IN GROSS RENTAL INCOME AT €37.4M

PATRIMOINE ET COMMERCE PATRIMOINE ET COMMERCE: Q3 2023 RESULTS +6,1% IN GROSS RENTAL INCOME AT €37.4M 11-Oct-2023 / 08:00 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.   PRESS RELEASE Q3 2023 RESULTS +6,1% in gross rental income at €37.4m     Paris, October 11, 2023   The gross rental income of the real estate portfolio of Patrimoine & Commerce reached 37.4 million of euros for the first nine months of 2023, an increase of +6.1% compared to 2022: GROSS RENTAL INCOME                   in millions of euros - 9 months 30/09/2023 30/09/2022 Var. Var. % Like-for-like Perimeter 33.1 31.8 +1.3 +4.2% Acquisitions 3.1 1.9 +1.2 n/a Disposals - 1.4 (1.4) n/a Properties under restructuring 1.2 0.2 +1.0 n/a Gross rental income 37.4 35.3 +2.1 +6.1%   This increase is mainly explained by: A like-for-like increase of +4.2%, due to the contractual indexation of rents and the decrease in the amortization of Covid-19 rent free periods, The full year contribution of the restructuration of an asset in Martinique, delivered in 2022, and the delivery of the restructuring works of the shopping mall of Ville-du-Bois in 2023 A net negative impact of -0.2 million euros on acquisitions and disposals   Outlook Eric Duval, Founder and Director of Patrimoine & Commerce declared: « Patrimoine & Commerce recorded in the third quarter of 2023 an increase of +6.1% of gross rental income, as a result of dynamic portfolio management. We are confident in the fundamentals and the resilience of our business model, and we intend to strengthen our position as the leader in low-cost retail parks in France».   Agenda   February 22, 2024 2023 Full-Year Results                 ------------------------------------ About Patrimoine & Commerce    Patrimoine & Commerce owns and operates a real estate portfolio, largely comprising retail property, covering a total surface area of more than 528,000 sqm. The assets are mainly located in retail parks near mid-sized towns throughout France. Patrimoine & Commerce benefits from a significant identified deal flow that will enable it to feed its growth, in terms of both assets under development and operating assets.        Patrimoine & Commerce is listed on NYSE Euronext Paris.  ISIN code: FR0011027135 – Mnémo code: PAT    For further information, go to: www.patrimoine-commerce.com    For information, please contact:  PATRIMOINE & COMMERCE  KEIMA Communication  Eric DUVAL  Managing Director  [phone]    Emmanuel DOVERGNE  [phone]  [e-mail]      Regulatory filing PDF file File: Q3 2023 RESULTS +6,1% IN GROSS RENTAL INCOME AT €37.4M

Language:	English
Company:	PATRIMOINE ET COMMERCE
	45 avenue Georges Mandel
	75016 PARIS
	France
Phone:	[phone]
E-mail:	[e-mail]
Internet:	https://www.patrimoine-commerce.com/
ISIN:	FR0011027135
Euronext Ticker:	PAT
AMF Category:	Inside information / News release on accounts, results
EQS News ID:	1745719

End of Announcement	EQS News Service

1745719  11-Oct-2023 CET/CEST