Earnings release
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FREY La foncière à mission Bezannes , 23 September 2021 – 2021 half - year results – 5:00 pm Outperformance of FREY's open - air shopping centres Rental income : € 32.4m ( + 21 % ) H1 2021 collection rate ( 1 ) : 84 % Excellent financial occupancy rate : 97.8 % Profit from recurring operations : € 23.0m ( + 44 % ) EPRA NTA ( 2 ) : € 31.2 per share ( -2.2 % vs dec 2020 ) after taking into account the dividend payment of € 1.50 / per share in June LTV ratio including transfer tax : 35.4 % Available liquidity : € 182.8 ( 3 ) FREY confirms its responsible and pioneering approach by becoming the 1st French real estate company to adopt " société à mission " status and the 1st listed company to obtain the highly demanding international B Corp certification " FREY is pursuing its strategy very actively despite a context still disrupted by the health crisis . The very limited impact on the collection rate , the delivery of more than 100,000 m² fully marketed , are the demonstration of the relevance of our open - air shopping centres : more sustainable , more practical , more user - friendly for consumers and more efficient for retailers . This semester has also enabled us to transform FREY into a " société à mission " and to obtain the highly demanding B CORP certification , a first in France for a listed company . We are thus giving all our stakeholders the guarantee of the level of excellence of our Environmental , Social and Governance ( ESG ) commitments but also to always develop , invest and manage a business as a service for common good . Antoine Frey , Chairman and CEO . ( 1 ) Rents and charges collected compared to rents and charges invoiced ( Group share ) . ( 2 ) EPRA NTA ( Net Tangible Assets ) calculated according to the standard developed and published by the European Public Real Estate Association ( EPRA ) and applicable to financial years beginning on or after 1 January 2020 . ( 3 ) € 130 million in corporate facilities and € 52.8 million in available cash . Parc d'affaires TGV - Reims - Bezannes 1 , rue René Cassin - 51430 Bezannes tél : 03 51 00 50 50 - www.frey.fr Page 1 Société anonyme et Société à mission au capital de 62 406 967,50 € 398 248 591 RCS Reims TVA intra FR 83398248591 Euronext Paris - ISIN : FR0010588079 - FREY Certified B Corporation