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SHL SOCIETE FONCIERE LYONNAISE PRESS RELEASE Paris , 26 April 2021 SFL - First - Quarter 2021 Financial Information Rental income : € 44.2 million , up 1.9 % like for like Consolidated revenue by business segment ( € 000's ) Rental income o / w Paris Central Business District Paris Other Western Crescent Other revenue Total consolidated revenue Q1 21 Q1 20 44,172 46,638 36,159 39,209 7,479 6,832 534 598 0 0 44,172 46,638 First - quarter 2021 consolidated rental income amounted to € 44.2 million , down by € 2.5 million or 5.3 % from the € 46.6 million reported for the same period in 2020 . On a like - for - like basis ( excluding all changes in the portfolio affecting period - on - period comparisons ) , rental income was € 0.8 million higher , an increase of 1.9 % . Rental income from units being redeveloped was down by € 2.3 million , mainly due to the renovation of several floors in the Cézanne Saint - Honoré and Washington Plaza buildings that were vacated in late 2020 . The early - 2021 sale of the 112 Wagram and 9 Percier buildings led to a € 1.0 million contraction in revenue for the quarter compared with the year - earlier period . In a rental market that remained muted , no material new leases were signed by SFL during the quarter . Nonetheless , the physical occupancy rate for buildings in use remained high , at 93.5 % as of 31 March 2021 ( versus 93.7 % as of 31 December 2020 ) , while the EPRA vacancy rate was 6.2 % . The rent recovery rate for the quarter was once again very satisfactory , at 98 % . SFL - Thomas Fareng - T +33 ( 0 ) 1 42 97 27 00 - t.fareng@fonciere-lyonnaise.com Evidence - Grégoire Silly - T +33 ( 0 ) 6 99 10 78 99 - gregoire.silly@evidenceparis.fr www.fonciere-lyonnaise.com