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
Patrimoine et Commerce S.A.
PAT.PA
(Euronext Paris)

Recent

price

24.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
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
- -
4.53
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
- -
2.64
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
- -
1.75
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
- -
1.38
Dividend per Share
0.85
- -
15.67
19.81
20.61
19.5
12.27
12.49
12
11.86
11.71
12.32
13.32
11.87
- -
12.64
Book Value per Share
2.91
- -
23.08
25.45
27.03
25.81
27
28.09
28.25
28.09
28.15
28.01
29.49
29.71
- -
31.99
Tangible Book Value per Share
41
6
10
9
11
12
13
13
14
14
14
15
15
15
- -
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
Working Capital
88
- -
245
234
262
294
316
341
322
371
374
370
389
342
342
383
LT Debt
126
- -
231
237
287
317
339
366
384
389
399
415
444
451
490
508
Total Equity
4.22
- -
9.22
- -
- -
- -
- -
5.3
- -
5
- -
- -
4.39
- -
4.88
4.95
Return on Invested Capital (%)
6.18
- -
8.33
- -
- -
- -
- -
6.94
- -
6.38
- -
- -
9.4
- -
8.79
8.86
Return on Capital (%)
28.74
- -
18.98
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
Return on Common Equity (%)

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
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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.