Altarea: sharp drop in FFO in 2023
The dividend to be proposed by the real estate group to the AGM on June 5 in respect of the 2023 financial year amounts to eight euros per share, with the option of payment either 100% in cash, or 25% in cash and 75% in shares.
Altarea is targeting a 2024 FFO 'increase, the magnitude of which will depend on the macroeconomic environment', and has a four-year FFO target of 'exceeding the high point of the previous cycle (over 300 million euros)'.
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