ARGAN: Rental income up +6% in the 1st quarter of 2024 [Yahoo! Finance]
DSV A/S UNSP/ADR (DSDVY)
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Source: Yahoo! Finance
Rental income (IFRS) as of March 31, 2024 (unaudited figures) € million Year 2024 Year 2023 Trend st quarter (Jan. – March) Rental income at €48.1 million in the 1 st quarter of 2024 In the 1 st quarter of 2024, ARGAN the leading French real estate company specializing in the development and rental of PREMIUM warehouses , recorded rental income of €48.1 million, up +6% compared with the same period of last year. The sustained growth in the first quarter came primarily from the rents indexation (+4.6%) that took place on January 1, 2024, complemented by the full-year impact of 2023 deliveries. A distribution centre delivered to DSV Road in the 1 st quarter of 2024 In the 1 st of quarter 2024, ARGAN continued its development by delivering DSV Road with a distribution centre of 4,600 sq.m located in Eslettes (76) , close to Rouen . As part of a nine-year fixed-term lease, this second partnership with DSV comes with a limited carbon footprint , with an Aut0nom® -labelle
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