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Societe Fonciere Lyonnaise (FLYFP: BBB+): 1H24 Results

REAL ESTATE
  • 98% owned by Colonial COLSM
  • Portfolio value up 1% to €7,406m
  • Occupancy 99.8%
  • Revenue 127m up +14%
  • Adj Operating Profit 109.8m +12.9%
  • Rental income +7.4% like-for-like
  • Bodes well for the sector. Rent in prime locations in Paris is very strong as we also saw with Gecina.

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