Patrimoine et Commerce SA reported earnings results for the half year ended June 30, 2018. For the period, funds from operation were EUR 12.4 million against EUR 12.0 million a year ago. Recurring net income amounted to was EUR 12.4 million or EUR 0.93 per share, an increase of +3.4% compared with the first half of 2017. As at 30 June 2018, net rental income amounted to EUR 19.5 million, an increase of +3.0% compared with the first half of fiscal year 2017. Net cost of debt totaled was EUR 4.6 million as at 30 June 2018, up by +3.5% compared to the first half of 2017. Recurring net income (FFO) was EUR 12.4 million or EUR 0.93 per share, an increase of +3.4% compared with the first half of 2017. Net asset value per share was EUR 25.4. The group's consolidated net debt was EUR 327.4 million as at 30 June 2018, enables the company to present a Loan-To-Value ratio of 45.3%, which remains well below the average target of 50% that Patrimoine & Commerce has set for itself.