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    Real estate investment trusts
Paref SA

Paref SA

EEURONEXT:PAR
24.00
EUR
0.00
(0.00%)
48.94MMarket Cap
Paref SA
EURONEXT:PAR
(Euronext)

Recent

price

24.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
24.85
30.21
21.88
18.53
19.65
22.08
22.66
27
25.67
29.9
24.54
21.71
29.1
24.91
21.86
19.78
- -
Revenue per Share
8.72
0.54
5.5
1.05
0.91
4.58
8.69
6.9
8.55
9.34
5.5
7.32
2.67
-10.89
-3.57
-7.84
- -
Basic EPS, GAAP
18.6
15.66
5.5
8.11
8.68
9.05
8.59
5.19
6.4
3.93
6.18
2.74
4.67
2.14
4.97
1.13
- -
Free Cash Flow per Basic Share
2.29
5.17
1.18
3.41
3.64
3.74
3
2.02
3.13
3.85
1.25
2.3
4.7
3
1.5
1.5
- -
Dividend per Share
78.08
76.17
73.54
73.53
71.29
73.4
78.85
83.74
86.7
91.74
91.42
96.85
95.73
80.33
74.05
64.77
64.77
Book Value per Share
73.89
72.51
71.03
71.49
69.73
72.28
78.23
83.66
86.65
91.51
90.94
96.26
95.14
79.9
73.64
64.58
64.58
Tangible Book Value per Share
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
Basic Weighted Avg Shares
23
30
24
22
23
26
27
32
35
43
36
33
44
38
33
30
- -
Sales/Revenue/Turnover
71.47
55.02
52.02
50.8
45.77
38.2
31.24
23.14
29.34
21.2
25.48
11.63
10.73
8.78
13.37
6.33
- -
Operating Margin (%)
1
1
1
1
- -
1
1
1
- -
- -
1
1
1
1
2
1
- -
Depreciation Expense
8
1
6
1
1
5
10
8
12
13
8
11
4
-16
-5
-12
- -
Net Income, GAAP
12.49
271.84
- -
30.33
14.57
2.28
4.02
10.22
14.96
10.17
9.34
1.05
9.75
- -
- -
- -
- -
Effective Tax Rate (%)
35.07
1.77
25.13
5.65
4.65
20.73
38.36
25.55
33.33
31.25
22.41
33.7
9.19
-43.72
-16.34
-39.63
- -
Profit Margin (%)
-17
5
10
4
3
2
16
4
22
20
7
8
7
6
6
1
1
Working Capital
111
86
76
50
68
66
55
40
29
78
66
61
60
71
77
78
78
LT Debt
83
81
97
101
99
110
94
100
125
132
138
146
144
121
112
98
98
Total Equity
6.85
-6.69
- -
2.23
4.1
5.41
6.6
6.4
8.95
6.97
4.16
4.63
1.86
- -
- -
- -
- -
Return on Invested Capital (%)
7.12
-5.67
- -
2
2.7
4.84
7.7
7.33
8.8
8.17
4.49
5.84
2.45
- -
- -
- -
- -
Return on Capital (%)
10.87
0.69
7.37
1.41
1.26
6.33
11.42
8.49
10.48
10.47
6.03
7.77
2.78
-12.37
-4.63
-11.3
- -
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
3
- -
2
LT Borrowings
76
- -
77
LT Finance Leases
1
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
2
Market Capitalization
59
60
49

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
29
- -
22
Cash, Cash Equivalents & STI
10
- -
8
Accounts Receivable, Net
7
- -
7
Inventories
- -
- -
- -
Total Current Liabilities
23
100
21
Payables & Accruals
- -
- -
- -
ST Debt
3
- -
2
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.46%
-6.24%
-12.14%
Free Cash Flow
3.99%
3.22%
-77.17%
Net Income, GAAP
-39.45%
-96.41%
120.24%
Sales/Revenue/Turnover
2.63%
-2.35%
-9.21%
Total Cash Common Dividend
9.41%
21.13%
0.44%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
38
2024
- -
- -
33
2025
- -
- -
30

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-10.89
2024
- -
- -
-3.57
2025
- -
- -
-7.84

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
3
2024
- -
- -
1.5
2025
- -
- -
1.5
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Business
Paref S.A. Paref SA (PAR.PA) is a leading European real estate investment and management company that operates across the full value chain of real estate, including investment, fund management, asset management, project management, property management, restructuring and development; its core offerings encompass management of SCPI funds such as Novapierre 1 (commercial real estate in France), Novapierre Allemagne (commercial properties in Germany), Pierre 48 (residential under 1948 law in Paris), Interpierre France (commercial), Atlantique Pierre 1, Capiforce Pierre, and OPPCI funds like Vivapierre and Boétie 54, alongside direct investment through its SIIC vehicle, advisory services, and innovative property management via SOLIA Paref. Founded in 1997 and headquartered in Paris, France, the company manages approximately €3.1 billion in assets under management as of mid-2025, primarily focusing on offices, commercial spaces, residences, healthcare properties, and mixed-use developments targeting institutional and retail investors, with key operations in France (especially Greater Paris), Germany, Italy, and Switzerland. Recent developments include a strategic five-year management mandate with Parkway Life REIT for a €111.2 million portfolio of 11 nursing homes in France, appointment as asset and development manager for Italy's Fondo Broggi (owner of Milan's Medelan), launch of fund management activities in Italy, receipt of a building permit for the NAU! mixed-use project (34,800 sqm offices, hotel, gastronomy) in Frankfurt, Germany, securing a waiver on its ICR covenant from banking partners, €90 million in corporate financing, and expansion of SOLIA Paref for personalized property solutions, alongside ongoing ESG initiatives like the Create MORE strategy and sustainability-linked loans.