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
A dividend of €10.00 per share in respect of 2013 will be proposed at the Annual General Meeting of May 7, 2014. This is the same dividend as was offered the year before.
The model also allows Altarea Cogedim to offer strong prospective growth both in terms of results and asset values