PRESS RELEASE

Quarterly financial Information as at September 30th, 2014
Sharp increase in turnover

  • Consolidated revenue for the first nine months of 2014: €35.7 million +15%

Paris, October 16th, 2014- Foncière des 6ème & 7ème arrondissements de Paris releases today the turnover carried out by the Company for the first nine months financial period of 2014.

In millions of Euros                                                                                                            €m

 
30-09-2014
9 months
30-09-2013
9 months
 
31-12-2013
12 months
Consolidated revenue
35.7
31.1
 
41.8

Business review

The consolidated turnover on September 30th, 2014 amounts to €35.7 million, an increase of nearly 15% compared to September 2013 (€31.1 million).

  • Investment properties

Over the first nine months financial period of 2014, the Company posted €24.3 million of consolidated rents versus €19.6 million for the same period in 2013. The Company gets, from now on, profit from the full rents of the building located 24, rue de l'Université generating €1.7 million.

  • Hotels (Holiday Inn de Paris - Saint-Germain-des-Prés and Holiday Inn de Paris - Notre-Dame)

Hotel revenues are stable and amount to €11.4 million as at September 30th, 2014 (equally €11.4 million as at September 30th, 2014).

Portfolio and Asset Value

  • The Company did not carry out any valuation on September 30th. Based on its valuation excluding transfer duties on June 30th, 2014, the value of the portfolio amounts to €932.8 million excluding financial stakes and SCI Saints-Pères Fleury.
  • Early July 2014, Foncière des 6ème et 7ème arrondissements de Paris acquired 67.5% of SCI Saint-Pères Fleury. This SCI (French real estate Company) of which the Company already held 32.5%, owns the former Ecole des Ponts et Chaussées, located rue des Saints-Pères and is today let to Sciences Po with a long term lease agreement. This acquisition allows the Company to group the full ownership of this high quality asset (9,200 sq.m.) that generates €3.8m of annual rents. Based on the appraisals carried out in June 2014, the asset portfolio amounts now on to over €1 bn on September 30th, 2014.
  • The loan to value ratio (net financial debt/assets excluding transfer costs) on September 30th, 2014, amounts to 48% versus 45% on June 30th, 2014.
  • On September 30th, the Company portfolio is totally let.

About Foncière des 6ème et 7ème Arrondissements de paris (siic)

Listed in 2007, the Company holds an asset portfolio of around 68,500sq.m. comprising high quality premises to be refurbished and then rented, of which 56,000 sq. m. are already renovated and let.

Foncière des 6ème et 7ème Arrondissements de Paris (SIIC) is listed on Nyse Euronext (Paris), compartment B (symbol SRG, ISIN code: FR0010436329).

www.fprg.fr:
http://www.fonciereparisfrance.fr

Contacts

Foncière des 6ème et 7ème Arrondissements de paris (siic)

Séverine FARJON - Arnaud POMEL - Xavier SIZARET
Phone: +33 (0)1 53 70 77 77

Foncière des 6ème et 7ème Arrondissements de Paris (SIIC)

Limited company with a capital of €383,919,825
Paris Trade and Companies Register no.B 389 857 707
209, rue de l'Université - 75007 PARIS
Phone: +33 (0)1 53 70 77 77 - Fax: +33 (0)1 53 70 77 78
ISIN code: FR0010436329 - Symbol: SRG
www.fprg.fr

F6&7 - PR 3Q 2014:
http://hugin.info/143538/R/1863665/653938.pdf


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Foncière des 6ème et 7ème Arrondissements de Paris via Globenewswire
HUG#1863665