ALTAREA

ALTA

Equity

ISIN FR0000033219 / Valor 508501

Euronext - Euronext Paris (2026-05-04)

EUR 109.00-2.50%

ALTAREA
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About company

Altarea is a diversified real estate company with a comprehensive platform that spans across various asset classes in the real estate sector. The company operates in the development, investment, and management of real estate, leveraging its extensive expertise to cover the full spectrum of real estate assets. This includes residential properties, shopping centers, office buildings, and business parks, among others. Altarea's business model is designed to capitalize on synergies across these different segments, allowing it to undertake complex projects and deliver value to its stakeholders. The company's approach integrates development and investment strategies, aiming to create sustainable urban spaces that meet the evolving needs of communities and businesses. With a presence in multiple markets, Altarea has established itself as a key player in the real estate industry, contributing to the development of the urban landscape through its projects.

Summarized from source with an LLMView SourceSector: Finance

Profit & EPS

Consolidated net income for FY2024: €86.1m (2023: -€508.6m). Group share net income: €6.1m (2023: -€472.9m). Diluted earnings per share: €0.28 (2023: -€22.50).

Operating performance

Operating income after the share of equity-method affiliates rose to €209.4m (2023: -€476.0m). Net rental income increased to €216.4m (2023: €204.8m). Total Group revenue was €2,466.3m (2023: €2,418.5m).

Investment property valuation

Change in value of investment properties was slightly positive at +€2.8m in 2024 (vs. -€189.8m in 2023), moderating prior-year valuation losses.

Segments — Retail, Residential, Business property

Retail: operating income (including valuation/transaction adjustments) ~€217.7m. Residential: FFO/operations contribution positive but total FY residential operating result was negative after valuation/amortisation effects (operating income reported -€28.5m). Business property: operating income ~€40.1m.

Financial items and one-offs

Net borrowing costs were a net charge of €34.3m. Non-operating financial items weighed on results: change in value and income from disposal of financial instruments -€58.7m and net gain/(loss) on disposal of investments -€5.9m. Impairment of other non‑current assets reduced to -€12.3m (2023: -€54.6m).

Cash flow & liquidity

Strong operating cash flow: cash flow from operations €432.3m (2023: €330.5m). Cash balance at period end €775.5m (up €110.1m over the year). Net cash flow from investment activities was an outflow of €20.7m; financing activities used €301.5m.

Debt & balance sheet

Total borrowings (current + non-current) approx. €3.00bn (non-current €2,467.6m; current €532.1m). Total assets €8,400.0m; Group equity €3,162.9m. The Group continued refinancing and capital activity during the year.

Shareholder actions & capital structure

Capital increases totalling €92.0m in 2024 (employee savings / scrip dividend and other items). Dividends paid to Altarea SCA shareholders €168.9m. Non-controlling interests materially affected the split of net income (non-controlling interests share of net income €80.0m in 2024).

Summarized from source with an LLMView Source

Key figures

7.07%1Y

-7.47%3Y

-34.0%5Y

Performance

27.7%1Y

32.1%3Y

30.4%5Y

Volatility