Argan SA has reported its half-year 2025 financial results, revealing a strong performance despite challenging geopolitical and macroeconomic conditions. The company recorded an 8% increase in rental income, totaling €106 million. Recurring net income for the group share also saw significant growth, rising by 16% to €78 million. The company maintained a 100% occupancy rate for its warehouse portfolio, contrasting with a national vacancy rate of 6% in France as of June 2025. This reflects the attractiveness of Argan's PRIME assets, supported by the successful signing of four leasing contracts within the existing portfolio during the first half of the year. Looking ahead, Argan has confirmed its 2025 targets, projecting a 6% growth in rental income to €210 million and an 11% increase in recurring net income to €151 million. The company is also committed to reducing its debt, aiming for an EPRA LTV ratio of less than 40% by the end of the year. The dividend per share has increased by 5% from €3.30 to €3.45.
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