Financial information for the 1st quarter of 2020

28 April 2020

FINANCIAL INFORMATION AS AT MARCH 31, 2020

 

Consolidated revenue:

The consolidated revenue of PAREF amounts to €10.3 Mn as at March 31, 2020, including:

-Gross rental income increasing by 20%, thanks to the acquisition of floors in Franklin tower, partly offset by disposals in 2019 and the impact of The Go restructuring project,

-Management commissions increasing by 31% explained by the growing asset under management of the funds managed on behalf of third parties and revenue from PAREF Investment Management Italy platform, acquired in Q3 2019,

-Subscription commissions decreasing by 21% due to a marked slowdown in subscriptions due to Covid-19 impact.

 

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