2025 half-year results of Patrimoine & Commerce

Patrimoine & Commerce reported mixed results for the first half of 2025. Gross rents increased by 9.7%, reaching €28.7 million. Recurring net income increased by 9.1%, reflecting solid financial performance. However, net income attributable to equity holders of the parent decreased by 18.7%, reaching €12.1 million.

Property valuations declined slightly to €897 million, while the loan-to-value ratio improved to 41.5%. The capitalization rate remained stable at 7.6%. Net asset value per share decreased by 2% to €29.5 million.

The financial occupancy rate reached 95.5%, with a rent collection rate of 99%. Structural expenses remained stable at €3.4 million, and the cost of debt increased slightly by 9.4%.