Patrimoine & Commerce: 8% increase in quarterly rental income

(CercleFinance.com) - Patrimoine & Commerce reports total gross rental income from its real estate portfolio of ?13.
1 million for the first three months of the 2024 financial year, an increase of 8% compared with the first quarter of 2023.

This rise is due to a like-for-like increase of 4.7%, driven mainly by contractual indexation of leases, and a positive impact from restructuring operations and acquisitions carried out in the second quarter of 2023.

Over the past quarter, Patrimoine & Commerce pursued its policy of rotating non-strategic assets, with the sale of a small shopping mall in Gaillon (Eure), for ?1 million, in line with appraisal values.

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