1. France Stocks

  2. •

    Real Estate

  3. •

    REIT - Retail
Patrimoine et Commerce S.A.

Patrimoine et Commerce S.A.

PAT.PA
Patrimoine et Commerce S.A.undefined flagEuronext Paris
24.50
EUR
-0.10
- -
398.40MMarket Cap
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
Revenue per Share
3.34
3.06
2.84
3.3
3.18
3.86
4
3.88
3.64
3.83
4.06
- -
4.53
Basic EPS, GAAP
1.98
0.88
2.17
2.07
2.26
1.78
1.86
1.25
2.13
3.17
1.91
- -
2.64
Free Cash Flow per Basic Share
-2.51
-1.21
-0.93
-0.89
-4.3
0.43
-0.66
1.84
1.36
-1.32
1.44
- -
1.75
Dividend per Share
0.66
0.74
0.87
0.31
0.2
0.36
1.22
0.27
0.83
1.05
1.32
- -
1.38
Book Value per Share
19.81
20.61
19.5
12.27
12.49
12
11.86
11.71
12.32
13.32
11.87
- -
12.64
Tangible Book Value per Share
25.45
27.03
25.81
27
28.09
28.25
28.09
28.15
28.01
29.49
29.71
- -
31.99
Basic Weighted Avg Shares
9
11
12
13
13
14
14
14
15
15
15
- -
16
Sales/Revenue/Turnover
31
32
35
41
41
52
55
55
54
58
62
69
72
Operating Margin (%)
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
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
Net Income, GAAP
18
9
27
26
29
24
26
18
32
48
29
41
42
Effective Tax Rate (%)
- -
- -
- -
- -
3.23
- -
3.9
- -
- -
0.73
- -
0.4
0.84
Profit Margin (%)
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
Working Capital
8
44
7
20
6
-32
-31
-8
16
16
-45
-63
-24
LT Debt
234
262
294
316
341
322
371
374
370
389
342
342
383
Total Equity
237
287
317
339
366
384
389
399
415
444
451
490
508
Return on Invested Capital (%)
- -
- -
- -
- -
5.3
- -
5
- -
- -
4.39
- -
4.88
4.95
Return on Capital (%)
- -
- -
- -
- -
6.94
- -
6.38
- -
- -
9.4
- -
8.79
8.86
Return on Common Equity (%)
10.97
4.64
11.63
13.18
18.62
14.82
15.7
10.78
18.09
24.97
15.25
21.52
20.9

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

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%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
62
2024
- -
- -
- -
- -
69
2025
- -
- -
- -
- -
72

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.91
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
2.64

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.32
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
1.38

Company Description

APIChat
CEO
Pauline Boucon Duval
Full Time Employees
6
Sector
Real Estate
Industry
REIT - Retail
Address
7/9 rue Nationale Boulogne-Billancourt France 92100
IPO Date
Jan 3, 2000
Website
patrimoine-commerce.com
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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.