Bleecker (BLEE) Q3 23/24 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q3 23/24 TU earnings summary
16 Jun, 2025Executive summary
Consolidated rental income for Q3 2023/2024 reached €8.24M, up 14.16% year-over-year, mainly due to new leases at the SARL GABRIELLI property in Paris 15th.
Total rental income for the first nine months was €23.55M, a 7.05% increase compared to the same period last year.
Financial highlights
Q3 rental income: €8.24M vs. €7.22M in Q3 last year (+14.16%).
Paris assets contributed 72.75% of Q3 rental income; Ile de France 27.25%.
No regional assets remain after the sale of the HEM property earlier in the year.
Outlook and guidance
Investment focus remains on Parisian office buildings and recent business parks in Ile de France, adapting to macroeconomic and international conditions.
Strategy includes asset repositioning, environmental certification (BREEAM-IN-USE), and seizing refinancing opportunities.
Continues to consider divesting mature or non-strategic assets to reinvest in higher-yield or value-creation projects.
Latest events from Bleecker
- Q3 rental income grew 7.21% year-over-year, led by acquisitions and new leases.BLEE
Q3 25/26 TU - Q3 rental income dropped 16.83% year-over-year, but Paris assets drove a 14.51% rise at constant scope.BLEEQ3 24/25 TU
- Rental income grew 8.92% in Q1, driven by Paris assets and recent acquisitions.BLEEQ1 25/26 TU
- Revenue up 2.5% to €12.44M, net loss narrows, and major dividend distributed.BLEEH1 25/26
- Net loss narrowed and operational income improved, driven by asset acquisitions and cost control.BLEEH2 24/25
- Rental income dropped 16.3% to €6.31M, with the portfolio now focused on Paris.BLEEQ1 24/25 TU
- Net loss widened on asset sales, with strategy shifting to Parisian assets and debt consolidation.BLEEH2 23/24
- Net loss narrowed to €2.6m as operational income improved and focus shifted to Paris assets.BLEEH1 24/25