2023-11-28 04:02:44
Immorente Invest’s portfolio is made up of premium assets leased to renowned tenants (Faurecia, BUTEC, Aptiv, FRI master franchisee of McDonald’s, Huawei, Société Générale Group, etc.).
In accordance with the guidance, in September 2023, the Company finalized the acquisition of a factory located in Tangier and leased to SFC Solutions Morocco for an investment of nearly MAD 110 million.
The Loan to Value (LTV) ratio stands at 4% as of September 30, 2023:
– Gross financial debt: 70 MDH
– Cash: 28 MDH
Turnover and rents are up in Q3 2023 vs Q3 2022 (respectively +10% and +9%) following the marketing of certain office assets. Note that the acquisition of the factory completed at the end of September does not impact Q3 turnover. It will impact that of T4 from October.
The cumulative figure for the first 9 months of the year is up 3.5% to MAD 52.2 million.
Furthermore, the social turnover for Q3 2023 stands at MAD 11.3 million.
The company anticipates an increase in turnover over the year 2023 under the combined effect of the expansion of the scope of assets with the finalization of the acquisition of a factory in September and the marketing of certain office assets.
• Consequently, a return to be paid in 2023 of 5.0 dh/share is planned at the rate of:
– 1 dh/share paid on April 28, 2023
– 2 dh/share paid on June 26, 2023
– 1 dh/share paid on September 26, 2023
– 1 dh/share scheduled for December 21, 2023
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#turnover #September
