Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Altareit is a prominent player in the real estate investment sector, focusing primarily on residential and commercial properties within France. Its core function is to acquire, develop, and manage a diverse portfolio of real estate assets, aiming to generate stable rental income and potential capital appreciation over the long term. Altareit is integral to the real estate market, particularly influencing urban development and housing solutions through its strategic investments. By providing high-quality living and working spaces, it contributes to economic growth and infrastructure enhancement in metropolitan and suburban areas. The company's activities impact various industries related to construction, property management, and urban planning, establishing itself as a key component of the real estate ecosystem. As a part of the larger real estate market, Altareit plays a substantial role in shaping community landscapes and providing modern amenities, aligning with sustainable development goals.
The business is unprofitable at the operating level (-2.08% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 25.5% YoY. Margins deteriorated 2.8pp alongside, both lines moving the wrong way.
Free cash flow declined 133% versus the prior year, cash generation momentum has weakened. ROIC dropped from 0.74% to -1.71%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€1.82B
▼ -25.5% YoY
Net Income (TTM)
-€57M
▼ -14.9% YoY
Op. Margin
-2.08%
▼ -2.8pp YoY
ROIC
-1.71%
▼ -2.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€85M
▼ -133.0% YoY
Op. Cash Flow (TTM)
€122M
▼ -52.4% YoY
Net Debt
€660M
Cash & Equiv.
€289M
3Y CAGR: -12.4%
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