Argan SA : Good visibility on continued growth momentum in the short and medium term
>New revaluation in Q4 with a positive effect on LTV and NAV - Argan’s operational momentum was broadly positive in 2021 as reflected in the dividend proposed now at € 2.60 vs € 2.30 previously and the +41% y-o-y increase in EPRA NRV to € 102.5:The group’s portfolio of premium warehouses saw another positive revaluation in Q4 driven by further capitalisation rate compression. It is now valued at € 3.75bn at end-2021 (+24% y-o-y) with an average capitalisation rat...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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