Altarea is an owner of shopping centres and a housing and office space developer.
Given our strong presence in the main property markets and the complementary nature of these roles, the Group is able to benefit from strong resilience and growing turnover through the exploitation of property cycles. This translates into:
- Recurring income from the ownership of shopping centres.
- Excellent performance in development activities thanks to a strong order book.
This unique model allows Altarea Cogedim to offer an attractive dividend policy
to its shareholders:
- Regular increases in share dividends.
- A disbursement rate of around 60% of recurring cash flow
It will be proposed to the General Meeting to be held April 15, 2016 to decide the payment of a dividend of €11.00 per share for the financial year ended December 31, 2015.
The model also allows Altarea Cogedim to offer strong prospective growth both in terms of results and asset values