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.
Patrimoine et Commerce SA is a French real estate investment company specializing in the ownership and management of commercial properties. It holds a diversified portfolio primarily consisting of retail parks, known as low-cost retail parks, located near medium-sized cities across France, with a total surface area exceeding 559,000 square meters spread over more than 80 assets. These properties feature high occupancy rates and focus on resilient retail spaces that cater to everyday consumer needs, including proximity to urban centers for accessibility. The company engages in proactive asset management, including acquisitions, selective disposals, and optimizations such as energy transition initiatives like installing charging stations and photovoltaic projects. Patrimoine et Commerce SA generates revenue mainly through rental income from these commercial assets, maintaining a strong operational focus on leasing to tenants in the retail sector. Founded in 2009 and headquartered in Paris, France, it plays a significant role in the French commercial real estate market by providing stable, income-generating properties in peripheral retail environments.
64.52% operating margin is above average. ROIC at 4.96%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 3.9%, steady but not accelerating.
Net debt of €409M represents 14.7x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€72M
▲ +3.9% YoY
Net Income (TTM)
€41M
▲ +0.4% YoY
Op. Margin
64.52%
▲ +1.3pp YoY
ROIC
4.96%
Cash Flow & Balance Sheet
FCF (TTM)
€28M
▼ -4.3% YoY
Op. Cash Flow (TTM)
€54M
▲ +1.2% YoY
Net Debt
€409M
Cash & Equiv.
€20M
3Y CAGR: +7.6%
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