SCBSM: Net profit of €13.8M, assets increased to €585M in 2025-2026
SCBSM published its preliminary results for the 2025-2026 financial year on September 29, 2026, closed on June 30, 2026. The Paris-based real estate company has taken a step forward in its refocus on the central business district (CBD) of Paris, with the acquisition of a building and the disposal of a retail asset.
This portfolio movement is accompanied by higher net profit and an LTV ratio of 47% at the end of June 2026, in a context that the group describes as uncertain.
Assets reach €585M, with nearly 95% in Paris CBD
During the 2025-2026 financial year, SCBSM acquired the "Saint Frères" building, located on rue du Louvre and rue Saint-Honoré, in the first arrondissement of Paris. At the same time, the group disposed of the Buchelay retail park.
These two transactions bring the value of assets to €585M and the share of Paris CBD to nearly 95%. The group states that it is continuing the portfolio refocus initiated in previous financial years, oriented towards the upgrading of Paris assets.
Leverage at 47% LTV and debt predominantly at fixed rate
SCBSM states that it has carried out this acceleration while preserving its financial balance, with the LTV ratio standing at 47% at the end of June 2026. The cash generated by the disposal of Buchelay, the refinancing of the building located at 26 rue du Sentier and a €10M corporate credit line, not drawn to date, are presented as financial flexibility.
Financial debt is composed of more than 85% fixed-rate or hedged loans, with an average maturity of approximately 4 years. In terms of results, annual net profit increased by more than €1M to reach €13.8M, an evolution that the group attributes to the growth in rental income and the control of operating expenses.
Growth potential linked to lease renewals
SCBSM identifies growth potential linked to the reduction of its financial vacancy, described as reaching a more normative level following renovation work and enhancement of available space. The group indicates that several properties could benefit from rent increases at the time of upcoming lease renewals.
The pace of realization of this potential is presented as linked to the evolution of the French economic environment. The group also indicates that it favors the creation of asset value rather than arbitrage on its Paris property portfolio, highlighting the quality and rarity of its assets.
