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    ARG   FR0010481960

ARGAN

(ARG)
  Report
Real-time Euronext Paris  -  11:35 2022-11-30 am EST
77.10 EUR   +0.52%
11/17French Property Group Argan Invests In New French Fulfillment Center
MT
11/16ARGAN takes delivery of a new 15,000 sq.m fulfilment centre in Compans
GL
11/16ARGAN takes delivery of a new 15,000 sq.m fulfilment centre in Compans
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€165 million rental income target confirmed

10/03/2022 | 11:46am EST

Quarterly financial information Monday 3rd October 2022 17.45 pm

  • €165 million rental income target confirmed
  • Average yield of 6% for developments since the beginning of the year

Rental income (IFRS) at end-September 2022 (unaudited figures)

mFinancial year 2022Financial year 2021Changes
1st quarter (Jan.- March)40.738.2+ 7%
2nd quarter (April - June)41.038.0+ 8%
3er trimestre (Jul. - Sept.)41.240.8+ 1%
Total (Jan. - Sept.)122.9117.0+5%

Rental income up +5% since the beginning of the year

Since the beginning of the year, ARGAN, the French real estate company specialising in the development and rental of PREMIUM warehouses, recorded rental income of €123m, up +5% compared with the same period last year. This strong growth is mainly due to the full-year effect of rents generated by 2021 developments and the rents coming from the six new deliveries of 2022.

The target for rental income of €165 million will therefore be met.
Developments continue to drive rental income growth with an average yield of 6% for the deliveries in 2022.

Significant events of Q3 2022

ARGAN has continued its grow with the delivery of three new logistics platforms certified “BREEAM Very Good”, all three are let with a 12-year firm lease.

They represent a total surface area of 47,000 sq.m, including 18,000 sq.m in Caen (14) for LEGALLAIS,
14,000 sq.m in Saint-Jean-de-la-Neuville (76) for DIDACTIC and 15,000 sq.m in Compans (77) for Colis Privé.

Financial calendar 2023 (Publication of the press release after closing of the stock exchange)

  • 3rd January 2023: Annual sales 2022
  • 19th January 2023: Annual results 2022

About Argan

ARGAN is the only French real estate company specialising in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT.
As at 30 June 2022, ARGAN’s portfolio amounted to 3.3 million sq.m, comprising approximately 100 warehouses located exclusively in France, valued at €4.0 billion. 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 - Directeur Administratif et Financier
Tél : 01 47 47 05 46
E-mail : contact@argan.fr
www.argan.fr
 


Aude Vayre – Relations presse
Tél : 06 14 64 15 65
E-mail : argan@citigatedewerogerson.com
  

Attachment


All news about ARGAN
11/17French Property Group Argan Invests In New French Fulfillment Center
MT
11/16ARGAN takes delivery of a new 15,000 sq.m fulfilment centre in Compans
GL
11/16ARGAN takes delivery of a new 15,000 sq.m fulfilment centre in Compans
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11/16Argan SA Takes Delivery of A New 15,000 Sq.M Fulfilment Centre in Compans
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More news
Analyst Recommendations on ARGAN
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Financials
Sales 2022 166 M 171 M 171 M
Net income 2022 268 M 276 M 276 M
Net Debt 2022 1 764 M 1 819 M 1 819 M
P/E ratio 2022 6,48x
Yield 2022 3,89%
Capitalization 1 769 M 1 824 M 1 824 M
EV / Sales 2022 21,3x
EV / Sales 2023 20,0x
Nbr of Employees 26
Free-Float 43,8%
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Technical analysis trends ARGAN
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 2
Last Close Price 77,10 €
Average target price 103,50 €
Spread / Average Target 34,2%
EPS Revisions
Managers and Directors
Ronan Le Lan Chairman-Management Board & CEO
Francis Albertinelli Director-Admin & Finance & Member-Executive Board
Jean-Claude Le Lan Chairman-Supervisory Board
Florence Soulé de Lafont Member-Supervisory Board
François-Régis de Causans Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
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