PAREF: Strategic Refocusing and Financial Challenges in 2025

In 2025, PAREF refocused its activities by adhering to rigorous financial discipline. The portfolio of proprietary assets decreased by 6.4%, reaching a value of €174 million. The financial occupancy rate of 76.4% demonstrates an improvement.

However, challenges persist. Management fees fell by 7.2%, and rental income declined by 19%. This situation has impacted current operating income, which is down 57% compared to the previous year. As a consequence of this difficult environment, dividend payments have been temporarily suspended.

PAREF plans to continue its restructuring in 2026, with an increased focus on its core businesses. The group is counting on improving its ICR ratio and protecting cash flow to secure its future growth.