On Wednesday, Foncière Inea presented its annual results for 2022, marked in particular by 13% growth in consolidated sales to €58.5 million.

At €58 million for the year just ended, net income was up 7%.

This increase was driven both by the start-up of new properties (+8.5%) and by good growth in revenues on a like-for-like basis (+4.2%).

Rental activity was brisk in 2022 (61 leases signed for over 43,000 m2), although without returning to pre-Covid levels.

These results will enable the company to propose a stable dividend of 2.70 euros per share at the next Annual General Meeting, despite the 28% increase in the number of shares in 2022.

The dilutive effect of the capital increase was thus also absorbed in the dividend for the year.

This dividend represents a pay-out ratio of 78% on the cash flow generated over the year, and offers a yield of 6.5% on the closing price on December 31, 2022.

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