REED

REED

EEURONEXT:ALREE
0.40
EUR
+0.04
(+11.11%)
Apr 02Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
27.59
28.59
30.61
29.48
45.09
46.74
57.99
52.05
65.49
88.13
88.1
45.09
22.66
- -
Basic EPS, GAAP
0.66
0.49
0.71
1.06
1.37
1.49
2.65
1.56
1.84
2.71
0.6
- -
-45.82
- -
Free Cash Flow per Basic Share
-2.42
-1.4
-3.12
-2.69
2.24
-1.44
-13.48
-9.1
-6.95
-16
-20.86
- -
- -
- -
Dividend per Share
0.18
0.18
0.18
0.36
0.45
0.54
0.59
- -
0.43
1.59
- -
- -
- -
- -
Book Value per Share
5.96
8.51
9.06
9.69
10.99
11.63
20.12
21.22
22.33
26.12
26.72
-22.46
-74.54
-22.46
Tangible Book Value per Share
5.79
8.19
8.74
9.35
10.53
11.25
16.35
17.12
16.94
21.39
23.51
-22.46
-74.65
-22.46
Basic Weighted Avg Shares
2
2
3
3
3
3
3
4
4
4
5
5
5
5
Sales/Revenue/Turnover
56
70
87
84
129
134
165
205
286
350
402
216
108
- -
Operating Margin (%)
4.87
4.35
3.88
3.81
4.07
7.65
9.5
6.67
7.12
7.59
-4.6
-78.2
-140.64
- -
Depreciation Expense
- -
- -
- -
1
2
1
2
12
15
19
13
- -
19
- -
Net Income, GAAP
1
1
2
3
4
4
8
6
8
11
3
- -
-218
- -
Effective Tax Rate (%)
26.2
25.41
22.75
35.98
- -
16.89
18.36
14.05
10.41
20.81
- -
- -
- -
- -
Profit Margin (%)
2.39
1.7
2.32
3.59
3.03
3.19
4.57
3
2.81
3.07
0.68
- -
-202.23
- -
Working Capital
22
31
43
51
66
74
111
178
224
192
77
-112
-370
-112
LT Debt
16
15
21
23
31
37
87
162
268
254
186
85
39
85
Total Equity
19
28
32
43
53
53
76
103
110
144
181
-107
-350
-107
Return on Invested Capital (%)
3.15
2.92
3.11
2.46
- -
4.92
5.94
3.61
3.94
3.48
- -
- -
- -
- -
Return on Capital (%)
2.2
0.87
2.59
4.65
- -
1.24
5.32
1.65
1.41
1.78
- -
- -
- -
- -
Return on Common Equity (%)
8.55
5.95
8.07
11.28
13.23
13.2
16.66
8.72
9.39
10.18
2.19
- -
- -
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
188
240
- -
LT Borrowings
159
145
61
LT Finance Leases
28
26
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
5
Market Capitalization
- -
- -
- -

Working Capital

EUR

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
730
799
671
Cash, Cash Equivalents & STI
47
29
- -
Accounts Receivable, Net
109
235
- -
Inventories
404
367
- -
Total Current Liabilities
653
743
782
Payables & Accruals
- -
- -
- -
ST Debt
188
240
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.04%
26.61%
228.63%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
8.1%
-3.92%
-50.18%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
402
2024
- -
- -
216
2025
- -
- -
108

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.6
2024
- -
- -
- -
2025
- -
- -
-45.82

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Yoann Choin-Joubert
Full Time Employees
190
Sector
Finance
Industry
Real estate development
Address
Saint-Herblain France
IPO Date
May 12, 2014
Business
Realites SCA is a France-based territorial development and real estate development company engaged in the planning, construction, marketing, and management of residential, commercial, and mixed-use urban real estate projects. The company operates across two primary business segments: Property Development and Property Operations and Services. Its comprehensive product and service portfolio comprises residential property developments, including single-family housing estates, multi-family apartment complexes, affordable and social housing, and sustainable eco-districts; managed healthcare and residential living facilities, including serviced residences for senior citizens operated under the Heurus brand, student residences under the Cap'Etudes brand, and shared co-living accommodations; commercial and tertiary real estate, comprising modern corporate offices, business centers, logistics hubs, retail parks, and craft villages; public amenities and leisure complexes, including indoor sports and entertainment facilities operated under the Up2Play brand, medical centers, schools, and civic infrastructure; and territorial engineering and property management solutions, including land assembly, urban master planning, project contracting, property asset management, rental administration, and real estate advisory services. Realites caters to individual homeowners, private real estate investors, institutional funds, social housing agencies, commercial enterprises, and local municipal authorities. Geographically, the company operates primarily across metropolitan France—with established regional hubs in Pays de la Loire, Brittany, Île-de-France, Nouvelle-Aquitaine, Hauts-de-France, and Auvergne-Rhône-Alpes—as well as select international markets including Morocco and Portugal. Founded in 2003 by Yoann Choin-Joubert, Realites SCA is headquartered in Saint-Herblain, France. In recent developments, the company executed an extensive financial and operational reorganization following a court-approved ten-year continuation plan in early 2026, which involved a major debt-to-equity restructuring, the merger of its three primary holding entities, and the divestment of non-core operational assets to refocus on core real estate promotion. Concurrently, the group converted into a partnership limited by shares (SCA) under the management of Nexus and approved a corporate rebranding to REED Immobilier to reflect its streamlined strategic focus.