trending Market Intelligence /marketintelligence/en/news-insights/trending/ausqs-gb2r-7nwrhhxizgq2 content esgSubNav
In This List

Foncière des Régions FY'17 recurring net income up 10% YOY

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Foncière des Régions FY'17 recurring net income up 10% YOY

Foncière des Régions reported recurring net income for the full year 2017 of €391.2 million, up 10% from €356.2 million for 2016. It also added an executive to its general management team.

On a per-share basis, recurring net income was €5.31, up 1% on the year. The company issued new shares in January 2017 to finance development and the acquisition of a hotel portfolio in Spain.

Earnings as defined by the European Public Real Estate Association totaled €358.2 million, up from €328.4 million a year earlier. EPRA earnings per share were flat at €4.86.

EPRA net asset value rose to €7.11 billion, or €94.5 per share, from about €6.0 billion, or €86.8 per share, reported for the year-ago period.

Looking ahead, the company projects a 2.3% dividend increase to €4.50 per share and growth in EPRA earnings per share of about 3%.

Foncière des Régions' board also named Dominique Ozanne deputy CEO of the group for a four-year term. Ozanne is also general manager of hotels, and he now joins the general management team.