Added to YB: 2025-10-06
Pitch date: 2025-10-02
ARG.PA [bullish]
Argan SA
-2.01%
current return
Author Info
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Company Info
ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France.
Market Cap
EUR 1.6B
Pitch Price
EUR 64.60
Price Target
N/A
Dividend
5.19%
EV/EBITDA
18.03
P/E
5.57
EV/Sales
14.11
Sector
Industrial REITs
Category
N/A
Argan SA (ARG France): Strong rental growth with pipeline momentum intact
ARG.PA (quick overview): Q3 rental income +6% YoY, occupancy near full despite Carrefour exits. €211M rental income guidance maintained, 4.5% dividend growth confirmed. €215M pipeline secured for 2026 at 6%+ yields. Investment-grade rating intact despite cancelled portfolio sale. Steady growth model with long leases provides stability amid political uncertainty.
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