02/25/2022 Finance & results

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.

Read the press release

Other news

01/10/2022

FREY is accelerated its sustainable financing policy: 100% of the Group's corporate financing now includes CSR criteria

Finance & results

12/13/2021

FREY announces the success of its rights issue for an amount of approximately €102 million

Retail

11/10/2021

FREY concludes two inaugural sustainability-linked loans for a total amount of €150 million

Finance & results, Retail