on CARREFOUR PRO DEV (EPA:CARPD)
Carrefour Pro Dev shows sustained growth in 2024
Carrefour Pro Dev completed the acquisition of Galimmo on July 1, 2024 for an investment of €300 million. This acquisition was accretive by 5% on recurring earnings and EPRA NDV. In 2024, recurring net earnings per share increased by 4.5% to €1.67. Net rental income grew by 8.3% to €370.7 million. The value of the portfolio increased by 13% to €6.7 billion.
The financial structure remains solid with a net debt to EBITDA ratio of 7.4x. A “Green bond” was issued for €300 million. Carbon emissions have fallen by 54% compared to 2019. Finally, a dividend of €1.25 per share is proposed for 2024, with recurring earnings per share anticipated at €1.75 in 2025.
R. E.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all CARREFOUR PRO DEV news