Bleecker Reports an 8.9% Increase in Rental Income in the First Quarter
Real estate group Bleecker recorded rental revenues of EUR 6,874 thousand in the first quarter of the fiscal year 2025/2026, an increase from EUR 6,311 thousand achieved in the same period of the previous fiscal year, according to a statement released on December 18, 2025.
Factors Contributing to Revenue Growth
The increase in rental income observed in the first quarter is primarily due to acquisitions made during the fiscal year ending August 31, 2025, the company indicates. On a like-for-like basis, revenues also grew, supported by the entry into force of new leases and the indexing of rents, the group specifies. The quarter covers the period from September 1 to November 30, 2025. Bleecker billed EUR 6,874 thousand in rents during this period, compared to EUR 6,311 thousand a year earlier, a positive change of EUR 563 thousand. The group does not detail the respective contributions of new acquisitions and organic growth in this increase.
Asset Portfolio and Strategic Focus
The group has a portfolio of assets primarily consisting of Parisian and restructured properties, benefiting from a high occupancy rate, according to the statement. Bleecker continues its asset enhancement strategy through repositioning work programs and the development of BREEAM-IN-USE environmental certification on its most significant assets, the company indicates. The group focuses on Parisian office buildings as well as recent business parks and premises in Île-de-France. Bleecker states it is adjusting its investment policy in light of the macroeconomic and international situation. However, the group remains attentive to opportunities concerning high-quality secured assets and recent business premises that present synergy with the assets already held.
Debt Consolidation and Investment Strategy
Bleecker continues to consolidate its debt by seizing banking financing opportunities, particularly to refinance and secure existing debt, the statement specifies. The group remains likely to continue its asset arbitrages of mature or non-strategic assets, in order to invest in new real estate projects offering attractive returns or having medium to long-term revaluation potential, the company indicates. Bleecker reserves the ability to explore other investment theses given the current economic context. The group is listed on compartment B of Euronext Paris and affirms its confidence in continuing its strategy thanks to its positioning, which it describes as a major asset.
