ALTAREA

ALTA

Equity

ISIN FR0000033219 / Valor 508501

Euronext - Euronext Paris (2026-01-28)

EUR 114.40+1.06%

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

Headline result

Consolidated net income: €86.1m for the year (FY‑2024). Group share net income: €6.1m. Profit before tax was €75.2m, after net borrowing costs and other financial items.

Operating performance

Operating income after the share of equity affiliates: €209.4m (strong recovery vs FY‑2023). Rental income increased to €243.5m and net rental income was €216.4m. Change in value of investment properties was +€2.8m (versus -€189.8m in 2023).

Revenue and margins

Total revenue: €2,466.3m; cost of sales: €2,240.3m. Net property income and development contributions supported operating cash flow despite prior‑year valuation headwinds.

Balance sheet & portfolio

Total assets: €8,400.0m. Investment properties: €4,016.2m (fair value / in operation and under development). Equity: €3,162.9m (equity attributable to Altarea SCA shareholders: €1,694.3m).

Liquidity & cash flow

Cash and cash equivalents around €778.9m on the balance sheet; reported cash balance at period‑end €775.5m. Cash flow from operations: €432.3m; change in cash +€110.1m for the year.

Financial costs & tax

Net borrowing costs amounted to -€34.3m. Financial expenses were €126.3m, partly offset by financial income of €92.0m. Corporate tax recognised was a benefit of €10.9m.

Per‑share metrics

Average diluted shares: 21,791,045. Basic earnings per share (group shareholders): €0.29; diluted: €0.28 (2023 was heavily negative per share due to the prior year loss).

Segment notes

Retail remained the Group’s main contributor (Retail operating income ~€217m including valuation/transaction items). Residential and Business Property segments showed pressure from valuation and provision effects in the period, weighing on some segment results.

Summarized from source with an LLMView Source

Key figures

16.1%1Y

-9.21%3Y

-14.0%5Y

Performance

25.8%1Y

31.3%3Y

30.0%5Y

Volatility