CBo Territoria achieved a net profit in 2021, part of the group, of 15,7 million euros for 2021, up 10% compared to 2020. Its turnover has, on the other hand, dropped by 17,3%, at 85,7 million euros. The real estate development activity of the La Mare company had indeed experienced two years of exceptional activity in 2019 and 2020., with deliveries from the Leroy-Merlin du Port and the Actis de La Réserve activity zone, in Sainte-Marie.
In accordance with the CBo strategy aimed at developing tertiary assets and disengaging from its housing assets, gross income from tertiary assets now represents 87% of total rents compared to 85% in 2020 and 80% in 2019. In 2021, its Property division recorded an increase of 4,1% of its gross rental income (21,7 M€), performance driven by tertiary assets whose gross rents reach 18,5 M€, i.e. +6,3%, thanks to the results of shopping centers and the contribution of new assets. These good results will allow CBo Territoria to remunerate its shareholders well., by paying a dividend of 0,€24 per share (+4,3% compared to 2020), i.e. a yield of 6,7% compared to the latest stock market prices. By 2025, CBo targets 430 million euros in tertiary assets, against 301 million today, in Reunion and Mayotte. The company, however, is giving up on continuing the development it had begun in Île-de-France..
CBO TERRITORIA increases its profits
