2021 annual results: the sustainable retail REIT posts major increases in operational performances and strengthened financial solidity
FREY has deeply transformed its business model since 2017
Doubling of economic portfolio in operations to €1.4 billion
Portfolio internationalisation up to 20%
Concentration of the portfolio on major high environmental quality assets
Diversification Top 10 tenants: 21% of the rental base (vs. 33% at end-2017)
Stability of cap rate : 5.7%
FREY owns and manages a highly successful portfolio
Financial occupancy rate: 98.0%
Annualised rents: €80.6 million (+36% vs. 2020)
2021 collection rate: 94.5%
OCR ratio: 8.7%
FREY is a growth REIT showing solid financial structure
Profit from recurring operations: €53.0 million (+25% vs. 2020)
Net Income Group Share: €65.4 million (vs. €2.4 million in 2020)
EPRA NTA NAV : €32.7/share (+2.5% vs. end-2020 after dilution)
LTV ratio (incl. transfer tax): 32.2%
Available liquidity: €308 million
Proposed 2021 dividend: €1.60/share (+6.7%), fully paid in cash
FREY confirms very ambitious ESG commitments
The 1st French real estate company to become an “entreprise à mission”
and obtain B Corp certification®
FoREY®: 33% of the 2030 target achieved
100% of corporate financing with CSR criteria
BREEAM Very Good certifications for the 2 Shopping Promenade® centres delivered in 2021
“With its status as a B Corp™ certified “entreprise à mission”, FREY has a committed vision for a more responsible economy and society. By advocating for a sustainable approach to retail, FREY has continued to grow with outstanding operational and financial performances,” said Antoine Frey, Chairman and Chief Executive Officer of FREY.