ALTAREA

ALTA

Equity

ISIN FR0000033219 / Valor 508501

Euronext - Euronext Paris (2026-02-27)

EUR 128.60%

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

Key financials

Consolidated revenue (9M) €1,429.1m (-14.1% vs 9M 2024). Q3 2025 revenue €474.4m (+1.7% vs Q3 2024). EU Taxonomy alignment 74.8% (vs 68.6% FY 2024). Group liquidity ~€1,757m. S&P upgraded Altarea’s long‑term rating to BBB‑ (stable).

Residential recovery

New orders +14% in volume to 6,113 units and +6% in value to €1.4bn (9M). Building permits obtained rose to 8,826 units. Residential revenue at completion resumed growth in Q3: €364.4m (+3.6% vs Q3 2024). New‑generation offering now accounts for 45% of revenue at completion YTD.

Retail performance

Retail delivered strong operating metrics: tenant sales +1.2%, footfall +2.8%, occupancy stable at 97.0%. IFRS rental income (9M) €184.7m (+1.7%). Leasing activity: €25.5m of leases signed YTD.

Business Property / Development

Offices & Logistics projects progressing on schedule in Paris and the regions; Business Property revenue (9M) €108.3m (down y/y as development activity normalizes).

Photovoltaics landmark deal

Partnership with Crédit Agricole entities covering 125 MWp (76 MWp in operation, rest under construction) via a 25/75 JV (Altarea retains 25%). Altarea Renewable Energies pipeline now ~500 MWp secured, including ~140 MWp with guaranteed tariffs.

Data center expansion

Edge colocation: first facility commissioned in Noyal (3 MW IT); building permit obtained for a 7 MW IT center in Vélizy; pipeline of sovereign data centers >100 MW IT. Hyperscale AI sites: several land repurposing projects with two sites already granted grid connection authorizations (PTF) and ongoing advanced discussions with partners and authorities.

Outlook and guidance

Altarea confirms 2025 guidance: a slight increase in FFO (Funds From Operations) for 2025 and a stable dividend per share to be paid in 2026, assuming no deterioration in the political, geopolitical, macroeconomic, or public health environment. Full‑year 2025 results to be published 24 Feb 2026 (after market close).

Summarized from source with an LLMView Source

Key figures

21.3%1Y

0.47%3Y

-6.91%5Y

Performance

24.6%1Y

31.3%3Y

29.9%5Y

Volatility