PAREF Reports Revenue Growth in Q1 2026 Amid Strategic Refocusing

PAREF's consolidated revenue for the first quarter of 2026 increased by 5% year-on-year, reaching €6.2 million. The rise is attributed to higher gross rental income, notably due to a new lease agreement on the Tempo asset in Paris and positive rent indexation effects. Furthermore, the results benefited from a favorable base effect from the previous year's negative impacts related to rent-free periods and asset sales.

The company's property management business showed resilience despite stable management fees and a 51% drop in subscription fees in a competitive environment. PAREF's strategic reorganization aims at enhancing fundraising and market capture.

Operational advancements include a notable lease signing in Milan for "The Medelan" and securing an asset management mandate in Munich. PAREF's focus on high-value activities is evidenced by the sale of its subsidiary SOLIA Paref, aligning with its strategy to strengthen its European platform further.