The Board of Directors of Société de la Tour Eiffel, meeting on March 09, 2023, approved the annual and consolidated financial statements for the year ended December 31, 2022.

Consolidated net income came to 4.0 ME (vs. 2.8 ME); EPRA earnings per share stood at 1.9 E (vs. 1.6 E). Current cash flow per share was E1.8 (vs. E1.7).

By 2022, 99% of rents have been collected and E13.8m in leases have been signed, including E7.7m in new leases. On a like-for-like basis, the value of the portfolio fell slightly by 1.8% to E1.79 billion. Above all, the EPRA occupancy rate stood at 78.1% (vs. 75.6%).

Recurring operating income came to MEUR 53.6 (vs. MEUR 51.4).

Financial expenses came to MEUR 13.9 (vs. MEUR 15.5), reflecting the favorable effect of interest-rate hedging and early loan repayments.

' The transformation of the portfolio is accompanied by a necessary transition phase before shareholders can benefit from this new model", emphasizes Christel Zordan, Chief Executive Officer of Société de la Tour Eiffel.

The Board of Directors will propose a dividend of 0.75 E to the Annual General Meeting of Shareholders.

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