Vitura: rental income up 8.6% over nine months, refinancing underway
Vitura published its third-quarter financial information on November 10, 2026. Over the first nine months of the year, its IFRS rental income rose 8.6% to €35.6 million, compared with €32.9 million a year earlier.
This increase occurred while the occupancy rate of its strategic portfolio remained at 81%. The property company attributes it to lease signings and renewals. In parallel, the refinancing of its debt is still under negotiation, with maturities postponed for its two financing packages.
Rental Growth Driven by Leases, With Unchanged Occupancy
The increase in rental income does not stem from higher occupancy, since the occupancy rate of the strategic portfolio (excluding Hanami) remained at 81%. The group explains it by the positive effect of lease signings and renewals completed since the beginning of the financial year.
Early in the year, Vitura thus renewed several leases covering a total surface area of 17,000 m². Among them is the lease with Huawei, which extended its lease for a firm term of nine years in the Arcs de Seine building in Boulogne-Billancourt.
These renewals contribute to the average residual lease term, which exceeds six years across the strategic portfolio. The property company also indicates that it continues to strengthen the attractiveness of its buildings by expanding its service offering, drawing inspiration from hospitality industry practices.
Debt Maturities Postponed to End-2026 and Early 2027
The second part of the publication concerns debt. Vitura states that it is actively continuing discussions with its banking partners with a view to refinancing its indebtedness, without announcing at this stage any agreement concluded.
For Prothin, the upcoming maturities have been extended to January 15, 2027. The group says it is "confident in the successful refinancing of Prothin", relying on the quality of its buildings and the rental performance of the portfolio.
The maturity of Hanami's debt, which represents 15% of total outstanding borrowings, has in turn been extended to December 15, 2026. These postponements provide a precise timetable for the negotiations underway with banks.
GRESB Score of 92.4 Out of 100 and Energy Consumption Reduced by 37% Since 2013
On the extra-financial front, Vitura obtained a five-star rating in the GRESB 2026 ranking, a benchmark for assessing the ESG performance of real estate portfolios, with a score of 92.4 out of 100 and the maximum score of 100 in the Management category. Since 2017, its score has ranged between 90 and 96.
The company also received two EPRA Gold Awards this year for the quality and transparency of its financial and extra-financial reporting. It shows a 37% reduction in the energy consumption of its portfolio since 2013, in line with the objectives of the French tertiary decree, and aims for carbon neutrality by 2050.
Management presents these results as a factor of attractiveness for its assets, both for tenants and investors, in a market where energy efficiency carries increasing weight. This portfolio, made up of offices in Paris and the Greater Paris area, was valued at €840 million excluding transfer taxes as of June 30, 2026.
The rental performance and the quality of the buildings, which the property company highlights, are precisely the arguments it puts forward to successfully complete the refinancing of Prothin before the January 2027 maturity.
