Revalued assets despite on-going disruption from the health crisis
At group level, assets under management increased by 2% to reach more than €2.4 bn
• € 200 million in own account assets (+ 2% at constant scope vs. December 31, 2020);
• € 2,226 million managed on behalf of institutional or private third parties (+ 2% vs. December 31, 2020) mainly in the form of SCPI1 and OPPCI2.
Solid financial fundamentals
• Net Reinstatement Value / NRV (Net Reinstatement Value / NRV) Remeasured at € 125.2 per share (€ 125.1 as of December 31, 2020);
• Loan to Value (LTV) 3 maintained at a low level at 26% (vs. 25% as of December 31, 2020);
• Substantial liquidity of more than € 39m (including a confirmed undrawn line of credit).
Active management of owned assets
• Financial occupancy rate of owned assets up by +5.2 points compared to December 31, 2020;
• Weighted average unexpired lease term of owned assets of 4.8 years at June 30, 2021 vs. 4.6 years a year ago;
• 3 new leases and 2 renewals totaling over 14,500 sqm (Tour Franklin & Gaïa offices; Aubergenville warehouse).
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