Inea: 17% rise in rental income for 1st half-year

(CercleFinance.com) - Real estate company Inea reports a 17% increase in rental income to €38.
1 million for the first half of the year, due almost equally to growth in income on a like-for-like basis and the pipeline of new operations.

Net rental income on a like-for-like basis rose by 7.9%, mainly due to indexation, which averaged 5.6% over 12 months. The pipeline of operations that came on stream during the half-year consisted of three buildings.

The second half of the year will be marked by the delivery of three new buildings currently under construction, which, combined with continued indexation of ongoing rents, will drive sales growth over the coming half-years.

Copyright (c) 2024 CercleFinance.com. All rights reserved.