Financial management and key figures

A consistent financial strategy.

Capital discipline as the key to sustainable growth

Investment grade and stable outlook

Credit rating as of 31 December 2023 based on:

Robust financial profile

High quality portfolio

Diversified tenant portfolio

Focus on long-term cash-flow generation

Structural tailwinds in the logistics real estate sector

Continued high occupancy & retention rate, inflation-resistant cash flow profile thanks to CPI-linked rental income & strong hedging policy

Strong liquidity with 24 months covered, plus additional buffer for investment opportunities.
Yearly strengthening of equity through retained earnings, stock dividend and contributions in kind.
Well-balanced capital structure and proven track record of access to multiple sources of liquidity.
165 million euros retained earnings and scrip dividend expected for 2024.

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