ARGAN wishes
you all the
best for
Financial meeting - Webcast - 20 January 2021
I. | Overview | 3 |
II. | The logistics property market | 8 |
III. | Leading and loyal tenants | 13 |
IV. | Portfolio | 19 |
V. | Debt | 27 |
VI. | 2020 Results | 30 |
VII. | Dividend and share price | 40 |
VIII. | 2021 Targets | 45 |
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CARREFOUR - Brie-Comte-Robert - 21,000 sqm
MONOPRIX - Fleury-Mérogis - 65,000 sqm
Overview
EURIAL - Niort - 21,000 sqm
▪ | Valuation (excl. transfer taxes): | €3.0bn | 13 % | ||
Portfolio | |||||
▪ | Cap rate (excl. transfer taxes): | 5.05 % | Vs. 5.30 % | ||
▪ | Surface area: | 3,000,000 sqm | Vs. 2,860,000 sqm | ||
▪ | Net debt: | €1,637m | ||
Debt | 54 % | |||
▪ | LTV ratio (Net LTV): | |||
1.65 % | ||||
▪ Cost of debt as at 31/12/2020: |
Vs. €1,507m
Vs. 56 %
Vs. 1.70 %
▪ | Rental income: | €142m | ||
▪ | Net income: | €279m | ||
Results | ||||
▪ | Recurring net income: | €103m | ||
▪ | NAV EPRA NRV / share: | €73 | ||
▪ | Dividend / share (*): | €2.10 |
- %
- %
45 %
19 %
11 %
(*): The dividend will be submitted to the AGM for approval
4
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Argan SA published this content on 20 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 January 2021 17:05:05 UTC
