Patrimoine et Commerce (PAT) Q3 2025 TU earnings summary

Executive summary

• Gross rental income reached €43.3M for the first nine months of 2025, up 9.5% year-over-year, driven by asset acquisitions and contractual rent indexation.

• The company continues to focus on asset enhancement and rigorous management to sustain growth.

Financial highlights

• Gross rental income increased by €3.8M (+9.5%) compared to the same period in 2024.

• Like-for-like rental income rose by 3.3%, mainly due to contractual rent indexation.

• Acquisitions contributed €2.7M to rental income growth.

Outlook and guidance

• Management remains committed to consolidating its position as France's leading retail park operator, emphasizing sustainable value creation and long-term vision.