Argan SA : Revaluation of assets more rapid than expected with still robust operational momentum
>Rental income in 9M 2021 +10% y-o-y a shade above our forecast - Argan’s operational trend remained just as robust in 9M 2021 with rental income of € 117m (+10% y-o-y), a shade above our forecasts.The increase in rental income was due to the impact of deliveries realised less than one year ago; whether those realised in 2020 or more recently, including the four-storey 185,000m² warehouse delivered and leased to Amazon since the beginning of August on a 15-year f...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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