Bleecker (BLEE) Q3 25/26 TU earnings summary

Executive summary

• Consolidated rental income for Q3 2025/2026 reached €7,347K, up from €6,853K in Q3 2024/2025, driven by acquisitions and new leases.

• Year-to-date rental income totals €19,764K, a 4.12% increase year-over-year.

Financial highlights

• Q3 rental income increased by 7.21% year-over-year.

• Q1 rental income rose 8.92% year-over-year, while Q2 saw a 4.73% decrease.

• Paris assets contributed 96.05% of Q3 rental income, with the remainder from Ile de France.

Outlook and guidance

• Investment policy is adapting to macroeconomic and international conditions, focusing on Parisian offices and recent activity parks in Ile de France.

• The group remains attentive to high-quality, strategically located assets with value creation potential.

• Continues to pursue asset repositioning and environmental certification initiatives.