1. France Stocks

  2. •

    Finance

  3. •

    Real estate development
Patrimoine et Commerce

Patrimoine et Commerce

23.90
EUR
-3.45
(-12.61%)
393.22MMarket Cap
Patrimoine et Commerce
LSE:0P30
(London Stock Exchange)

Recent

price

23.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
0.37
- -
3.07
3.34
3.06
2.84
3.3
3.18
3.86
4
3.88
3.64
3.83
4.06
4.49
4.53
- -
Revenue per Share
0.16
- -
1.49
1.98
0.88
2.17
2.07
2.26
1.78
1.86
1.25
2.13
3.17
1.91
2.66
2.64
- -
Basic EPS, GAAP
-0.26
- -
-4.84
-2.51
-1.21
-0.93
-0.89
-4.3
0.43
-0.66
1.84
1.36
-1.32
1.44
1.89
1.75
- -
Free Cash Flow per Basic Share
- -
- -
0.05
0.66
0.74
0.87
0.31
0.2
0.36
1.22
0.27
0.83
1.05
1.32
1.34
1.38
- -
Dividend per Share
20.7
- -
22.23
23.4
22.64
23.87
24.73
25.76
26.03
26.66
25.94
26.67
28.55
29.11
30.08
31.41
31.41
Book Value per Share
19.49
- -
21.14
23.35
22.61
23.84
24.72
25.75
26.03
26.66
25.94
26.67
28.55
29.11
30.08
31.41
31.41
Tangible Book Value per Share
41
6
10
9
11
12
13
13
14
14
14
15
15
15
15
16
16
Basic Weighted Avg Shares
15
- -
30
31
32
35
41
41
52
55
55
54
58
62
69
72
- -
Sales/Revenue/Turnover
74.96
- -
87.51
77.77
79.56
77.93
80.24
94.22
68.62
75.24
68.5
66.88
65.89
66.22
63.26
64.52
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
Depreciation Expense
7
- -
14
18
9
27
26
29
24
26
18
32
48
29
41
42
- -
Net Income, GAAP
29.59
- -
9.06
- -
- -
- -
- -
3.23
- -
3.9
- -
- -
0.73
- -
0.4
0.84
- -
Effective Tax Rate (%)
43.31
- -
48.39
59.09
28.78
76.24
62.64
71.11
46.02
46.42
32.36
58.45
82.93
47.15
59.22
58.35
- -
Profit Margin (%)
31
- -
23
8
44
7
20
6
-32
-31
-8
16
16
-45
-63
-24
-24
Working Capital
88
- -
245
234
262
294
316
341
322
371
374
370
389
342
342
383
383
LT Debt
126
- -
231
237
287
317
339
366
384
389
399
415
444
451
490
508
508
Total Equity
4.22
- -
- -
- -
- -
- -
- -
5.18
- -
4.16
- -
- -
6.15
- -
6.03
5.79
- -
Return on Invested Capital (%)
4
- -
- -
- -
- -
- -
- -
5.26
- -
4.76
- -
- -
6.94
- -
6.14
6.11
- -
Return on Capital (%)
7.32
- -
- -
9
3.74
9.37
8.49
8.94
6.85
7.03
4.74
8.06
11.5
6.67
8.93
8.59
- -
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
84
70
46
LT Borrowings
316
- -
362
LT Finance Leases
26
- -
22
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
16
16
16
Market Capitalization
316
391
393

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
55
64
57
Cash, Cash Equivalents & STI
19
26
20
Accounts Receivable, Net
25
31
26
Inventories
- -
- -
- -
Total Current Liabilities
118
131
80
Payables & Accruals
- -
- -
- -
ST Debt
84
70
46
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.84%
4.96%
3.76%
Free Cash Flow
-75.72%
-80.73%
-4.32%
Net Income, GAAP
10.17%
26.61%
2.38%
Sales/Revenue/Turnover
7.81%
5.61%
3.92%
Total Cash Common Dividend
45.11%
57.62%
5.52%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
62
2024
- -
- -
69
2025
- -
- -
72

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.91
2024
- -
- -
2.66
2025
- -
- -
2.64

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.32
2024
- -
- -
1.34
2025
- -
- -
1.38
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Business
Patrimoine et Commerce SA (PAT.PA) operates as a real estate investment company specializing in the acquisition, development, management, and leasing of commercial properties in France, with a focus on low-cost retail parks located in the suburbs or centers of medium-sized cities. The company owns and manages a portfolio comprising approximately 81 retail park assets totaling over 559,000 square meters of commercial space, including shopping malls, supermarkets, shops, and business parks; its tenants encompass major retailers such as Carrefour, Casino, Kiabi, Action, Centrakor, BNP Paribas, and La Poste. Founded in 1994 by Eric Duval and headquartered at 45 Avenue Georges Mandel in Paris, France, with additional offices in Boulogne-Billancourt, the firm employs around seven staff and maintains operations primarily across metropolitan France, including regions like Brittany, Alsace, and Picardie, as well as overseas territories such as Guadeloupe and Martinique. Recent developments include the acquisition of a €35 million portfolio of 13 retail park assets exceeding 27,000 square meters with 100% occupancy in December 2024, strengthening its presence in areas like Wittenheim and Laon at a 7.5% yield; additionally, the company completed the purchase of a commercial asset in Plérin, Brittany, during the third quarter of 2025, alongside ongoing share buyback transactions in October 2025 and portfolio expansion toward a €1 billion asset value target.