Argan SA : Good operating momentum in Q1 in line with the trajectory
>Rental revenue in line, with Q1 2024 growth of +6% y-o-y - Argan’s Q1 2024 rental revenue came in at € 48.1m (vs € 48.3m est.), or an increase of 6% y-o-y and 2.7% q-o-q. This growth was driven by annual rental indexation in 2024 (+4.6%) as well as the full-year effect of deliveries in 2023, bearing in mind Argan’s portfolio is still 100% occupied.This operating performance was in line with expectations and will, we think, see it confirm its 2024 guidance at the...Argan SA designs, builds, develops, owns, leases, and manages logistical bases and warehouses in France. Co. is also involved in land development and management, delivering turnkey projects to its customers. Co divides its activities among two categories of clients: Shipper and Logisticians. It serves shippers, manufacturers or distributors. In addition, Co. serves logisticians, operating the logistics of shippers, including Alloga, Arvato, Daher, Dartess , FM Logistic, Geodis, Kuehne & Nagel, Movianto, Neovia logistics, and XPO Logistic. Co.'s portfolio amounts to more than 1,600,000 mA2, made up of 50 logistics platforms and 9 couriers, making a total of 59 buildings.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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