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Press release Paris , 30 July 2021 , 5.45 p.m. Half - year results 2021 ALTAREA Revenue : + 2.9 % ( + 11,3 % vs 2019 ) FFO Group share¹ : + 3.1 % ( + 7,1 % vs 2019 ) Solid outlook driven by urban transformation and strengthened by the upcoming acquisition of Primonial Residential : accelerated sales shift towards Individuals , increase in results - New orders : of which Individuals - Revenue² : - Operating income : € 1,293 million ( -33 % ) for 4,923 units ( -26 % ) € 816 million ( + 18 % ) for 2,789 units ( + 28 % ) € 1,209 million ( + 12.5 % ) € 85.6 million ( + 17.9 % ) Retail : early signs of recovery after the 3rd lockdown in 18 months - Tenant's revenue : - Recovery in rental activity : - Decrease in financial vacancies : - Stabilisation of asset values : Collection rate : - Operating income : + 8 % over the half - year ( + 12 % in June alone vs June 2019 ) 170 leases signed for € 18 million 3.6 % vs. 4.1 % at 31 December 2020 € 4.6 billion ( + 0.3 % on a like - for - like basis ) 70,0 % ³ € 64.8 million ( -13.9 % ) Business property : sale of two towers in La Défense and strong activity in the Regions La Défense : Regions : - Operating income : Rental of Eria ( 26,600 m² ) at Campus Cyber Sale agreement for Bellini ( 18,100 m² ) to Swiss Life six new projects managed for a total of 54,400 m² € 47.5 million ( + 42.0 % ) Consolidated results : growth in revenue and FFO , enhanced financial structure - Consolidated revenue : - FFO¹ : - LTV4 : - Liquidity : Success of the scrip dividend : 2021 guidance confirmed € 1,424.0 million ( + 2.9 % ) € 118.0 million ( + 3.1 % ) , i.e. € 6.75 / share ( -1.1 % vs 2020 et -1,7 % vs 2019 ) 33.9 % ( vs. 33.0 % at the end of 2020 ) € 2.9 billion , no RCFs5 drawn € 75m raised ( 91.6 % subscription rate ) Altarea confirms the resumption of its FFO growth for the full year 2021 , provided that the health situation does not deteriorate significantly , and retail rent collection progressively reverts to normal Altarea to become the leading independent real estate investment manager and property developer Signature of definitive agreements for the acquisition of the Primonial Group - - Strategic partnership in Retail with Crédit Agricole Assurances Paris , 30 July 2021 , 5.45 p.m. Following review by the Supervisory Board , the Management has approved the consolidated financial statements for half - year 2021. Limited review procedures have been completed . The Statutory Auditors ' reports on the half - year financial information were issued without reservations . 1 Funds from operations ( FFO ) : net profit excluding changes in value , calculated expenses , transaction fees and changes in differed tax . 2 Revenue by % of completion basis ( excluding external services ) . ³ Rents and expenses collected ( € 110.1 million ) compared to rent and expenses invoiced ( € 157.4 million ) at the interim reporting date 2021 ( 71.8 % in Group share ) . 4 Loan - to - value ratio . Consolidated net ( bank and bond ) debt / Restated value of assets including transfer duties . 5 Revolving credit facilities ( confirmed credit authorisations ) . ❝See press release of 30 June 2021 , " Altarea enters into exclusive negotiations with the shareholders of Primonial Group to create an independent leader in real estate investment and property development " , available at altarea.com . ALTAREA 2021 HALF - YEAR RESULTS 1