Selectirente: Revenue up by 1.1% in Q1, Occupancy at 95.7%
On Tuesday, Selectirente announced its Q1 2026 results, featuring a moderate revenue increase of 1.1% to €7.7 million and a stable financial occupancy rate of 95.7%. The real estate company, specializing in city-center retail properties, continues its investments (€3.9 million in Q1), but the overall contraction in French real estate volumes (down 46% in Q1 2026) highlights the challenges of a weakened sector.
Moderate Revenue Growth, Rents Boosted by 2025 Acquisitions
Selectirente's quarterly revenue stood at €7.7 million as of March 31, 2026, up by 1.1% compared to the first quarter of 2025. This growth primarily stems from the integration of acquisitions made in 2025 (€18.7 million invested in direct real estate), whose effects on rents are expected to increase throughout 2026. On a like-for-like basis, rents remained nearly stable (+0.1%), reflecting a balance between positive and negative factors. Rent indexing (+1.2%), combined with lease relocations and renewals (+2.6%), was offset by vacancies due to new tenant departures (−1.8%) and an increase in collective proceedings (−1.9%).
Leasing Dynamism and Stable Financial Occupancy Despite Economic Shocks
Since the beginning of the year, Selectirente has recorded 13 relocations and 4 lease renewals, generating €0.8 million in new annual base rents. These operations, primarily distributed in Île-de-France (14 assets) and other regional metropolises, demonstrate active portfolio management and relative resilience amidst macroeconomic uncertainties. The average financial occupancy rate over twelve months has risen to 95.7%, up from 95.6% in 2025, confirming the portfolio's solidity. For the first quarter of 2026 alone, this rate reached 95.7%, compared to 95.2% a year earlier, showing an improvement over the year.
Investments of €3.9 Million and Dividend Increase to €4.20 per Share
In the first quarter of 2026, Selectirente invested €3.9 million in the acquisition of five local shops located in Paris (6th and 14th districts), Rueil-Malmaison, Lyon, and Bordeaux, yielding an immediate return of 6.1%. The company also signed the acquisition of an additional shop in Paris at the beginning of April and committed to acquiring a portfolio of 3 assets for approximately €2.5 million. With €60 million in financial resources, Selectirente plans to continue its investment momentum. A dividend of €4.20 per share for 2025 will be proposed at the General Meeting on May 28, 2026, up 2.4% from 2024, and will be paid on June 10, 2026.
