PR Newswire/Les Echos/
Paris, 25 April 2013
Revenues up 1.1% - Like-for-like rental income remains stable
Rent stable on a like-for-like basis
In EUR millions 31 March 31 March 31 March Change Group Like-for-like
2012 2013 Group Share Share (%) change (%)
Hotels 25.9 32.7 28.6 10.5% -1.4%
Healthcare 6.8 5.7 5.7 -16.3% 2.4%
Retail 11.0 9.9 9.9 -10.3% 3.2%
Total rental income 43.7 48.3 44.2 1.1% 0.2%
Services 0.5 0.4 0.4 n.a.
Total revenue 44.2 48.7 44.6 0.8%
Rental income for Foncière des Murs is stable on a like-for-like basis on 31
Consolidated revenue stands at EUR44.6 million, up 0.8 % compared with 31 March
2012. The change in the consolidated revenue primarily results from:
o Acquisition of 158 B&B hotels made in 2012 generating EUR4.2 million in
rental income, Group Share
o The positive impact of rental indexation representing EUR0.6 million,
partially offset by the downturn in revenue of variable-rent hotels
o The impact of sales of hotel, healthcare and retail assets (-EUR3.8
This increase in rental income shows the resilience of the business model of
Foncière des Murs, French leader in premises holding and number one lessor of
two of the biggest hotel operators in France (Accor and B&B).
EUR134 million in asset sales and sales agreement, at a price 1.8% higher than
the appraisal values
EUR134 million in asset sales and sales agreement (including sales agreement
already signed as of 31 December 2012) have been made, at a price 1.8% higher
than the appraisal values for 2012. These disposals and sale agreements covered
35 assets, including:
o 11 hotels for EUR66 million hotels. The selling strategy of Accor hotels is
being continued, in both ways of premises selling for 6 assets and joint
premises and business selling together with Accor for 5 assets.
o 22 operating retail premises for EUR61 million. Theses sales of Qucik and
Courtepaille premises have been made as single units and as part of
portfolios, with various investors.
o 2 retirement homes for EUR7 million
Outlook for 2013
Foncière des Murs confirms its objective to continue to benefit from the
development opportunities, by assisting its tenants in their development
activities, thus bolstering existing partnerships.
Next financial event:
16 July 2013: Publication of the H1 2012 results
Cécile Boyer Sébastien Bonneton
Tel: +33 (0)1 58 97 54 47 Tel: +33(0)1 58 97 52 44
About Foncière des Murs
Foncière des Murs, a subsidiary of Foncière des Régions, specialises in the
ownership of business premises, especially in the hotel, healthcare, and retail
sectors. As a listed real estate investment company (SIIC), Foncière des
Régions is a real estate partner for major players in the business properties
sector. Foncière des Murs owns a portfolio amounting to EUR3 billion and
manages a EUR4 billion portfolio.
About Foncière des Régions
As a major player in the service sector real estate for Offices & Key Accounts,
Foncière des Régions owns and manages a EUR9.3 billion portfolio that is
primarily leased to key accounts who are leaders in their business sectors,
including SUEZ Environnement, Thales, Dassault Systèmes, France Telecom, EDF,
and Accor, etc.
As companies' real estate strategy partner, Foncière des Régions works with
clients to design innovative and sustainable solutions.
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