FINANCIAL INFORMATION AS AT MARCH 31, 2023
Consolidated Revenue as at March 31, 2023
The consolidated revenues of PAREF Group reached €9.0M for Q1 2023, down compared to Q1 2022 - which included exceptional items - and structurally higher than in 2021 given the positive trend in underlying assets.
This revenue consists of:
Revenues (in €Mn)1 | Mar 31, 2022 | Mar 31, 2023 | Variation in % |
Gross rental income1 | 1.8 | 2.1 | +18% |
Commissions (management & subscription) | 11.9 | 6.9 | -42% |
-o.w. management commissions | 4.5 | 3.4 | -25% |
-o.w. subscription commissions | 7.4 | 3.6 | -52% |
Total | 13.7 | 9.0 | -34% |
Main events of the first quarter 2023
" After the remarkable first quarter of last year, 2023 first quarter proves the appropriateness of PAREF Group's strategy over the long term, with a positive trend in the underlying assets - notably in rental income and commissions, and significant progress in the deployment of our ESG action 'Create more'. PAREF Group teams continue to be fully committed to our strategy of innovation and European expansion as well as product diversification."
Antoine Castro - Chairman & CEO PAREF Group
Financial agenda
May 17, 2023: Annual General Meeting of shareholder
July 27, 2023: Half-Year 2023 results
About PAREF Group
PAREF is a leading European player in real estate management, with over 30 years of experience and the aim of being one of the market leaders in real estate management based on its proven expertise.
Today, the Group operates in France, Germany, Italy, and Switzerland and provides services across the entire value chain of real estate investment: investment, fund management, renovation and development project management, asset management, and property management. This 360° approach enables it to offer integrated and tailor-made services to institutional and retail investors.
The Group is committed to creating more value and sustainable growth and has put CSR concerns at the heart of its strategy.
As at December 31, 2022, PAREF Group manages €3bn assets under management.
PAREF is a company listed on Euronext Paris, Compartment C, under ISIN FR0010263202 - Ticker PAR.
More information on www.paref.com
Press contacts
PAREF Raphaëlle Chevignard +33(6) 16 65 56 36 raphaelle.chevignard@paref.com |
Citigate Dewe Rogerson Yoann Besse / Marlène Brisset 06 63 03 84 91 / 06 59 42 29 35 Paref@citigatedewerogerson.com |
1 Excluding recovered charges
Regulated information:
Quarterly financial reporting:
- First quarter financial report
Full and original press release in PDF: https://www.actusnews.com/news/79604-20230427_paref_financial-information-as-at-march-31st.pdf