Acceleration of the internationalization and institutionalization of the PAREF Group
Strong and growing financial indicators
- Consolidated net income of € 13.5m vs. € 11.8m in 2018 (+ 14%)
- Net commissions of € 14m compared to € 13m in 2018 (+ 7%)
- EPRA triple net EPRA NAV of € 108.0 per share (+ 9%)
- Debt ratio1 to 28% following the acquisition of the floors in the Franklin Tower
Assets under management reaching 2.2 billion euros (+ 37%)
- € 1,987 million managed on behalf of third parties mainly in the form of SCPI2 and OPCI3 thanks to € 267 million of gross inflows in 2019 compared to € 236 million in 2018 (+ 13%)
- € 197m in own account assets (+ 42%)
Proposal for a dividend of € 4.00 per share for the 2019 financial year payable in cash or in shares, subject to the approval of the General Meeting which will meet on April 28, 2020.
PAREF's board of directors, which met on February 19, 2020, approved the parent company and consolidated accounts as of December 31, 2019. The audit procedures by the statutory auditors are in progress.
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