Altarea: H1 recurrent earnings up 7.2% at E118.2m

(CercleFinance.com) - The real estate company's consolidated revenues reached 1,383.
2 million euros at 30 June 2020, up +8.1%, thanks to the growth in residential revenues (+19.5%).

Recurrent net income (FFO), group share amounted to 118.2 million euros (+7.2%), or 7.05 euros/share (+2.6%).

At 30 June 2020, NAV fell to 2,724 million euros, i.e. 163.1 euros/share (-2.7% versus 31 December 2019, excluding dividends).


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