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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Argan
Argan (ARG) investor relations material
Argan Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary1 Oct, 2026
Executive summary
Rental income for the first nine months of 2026 reached €166.2 million, up 5% year-over-year, driven by new developments and rent indexation.
Seven new warehouse projects delivered in 2026, with three more scheduled by year-end, supporting growth and portfolio expansion.
Maintained a 99.9% EPRA occupancy rate, reflecting strong tenant demand and operational stability.
Financial highlights
Q3 2026 rental income was €56.5 million, up 7% compared to Q3 2025.
Total rental income for the first nine months of 2026 was €166.2 million, a 5% increase from €158.7 million in the same period of 2025.
Rental income growth attributed to full-year effect of 2025 developments and 0.6% rent indexation effective January 1, 2026.
Outlook and guidance
Full-year 2026 rental income target raised to at least €222 million, representing a 5% increase over 2025.
Solid prospects for Q4 2026, supported by ongoing project deliveries and high occupancy.
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Latest events from Argan
- A €13bn all-share merger forms a top-3 European logistics platform, closing in Q1 2027.ARG
M&A announcement - Rental income up 4% to €110m, portfolio at €4.3bn, 100% occupancy, and €500m green bond issued.ARGH1 2026
- Rental income up 4% in H1 2026, guidance raised, and six major projects delivered.ARGH1 2026 TU
- Q1 2026 rental income up 3% to €54.4M, with 100% occupancy and strong growth outlook.ARGQ1 2026 TU
- Strong financials, rising dividend, and robust ESG progress with all key resolutions approved.ARGAGM 2026
- Exceptional 2025: strong growth, improved debt, high occupancy, and robust 2026 outlook.ARGH2 2025
- Rental income rose 7% to €212M in 2025, with strong growth and a €165M investment pipeline for 2026.ARGQ4 2025 TU
- H1 2025 saw 8% rental income growth, 100% occupancy, and improved debt metrics.ARGH1 2025
- Rental income up 8% to €98.1m, recurring net income up 7%, and EPRA LTV improved to 46%.ARGH1 2024
Next Argan earnings date
Q4 2026 TU4 Jan, 2027
Argan
Next Argan earnings date
Q4 2026 TU4 Jan, 2027
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Frequently asked questions
Argan SA is a French real estate company specializing in the development, acquisition, and management of logistics warehouses. The company primarily serves clients in e-commerce, retail, and distribution by providing high-quality, strategically located logistics facilities to support supply chain and distribution operations. Argan’s portfolio includes modern warehouses across key logistics hubs in France, focusing on sustainability and energy efficiency in property design and management. The company is headquartered in Paris, France, and its shares are listed on Euronext Paris.