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Immobilière Dassault (IMDA) investor relations material
Immobilière Dassault H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Cash flow from operations increased by 17.8% to €21.7M for 2025, driven by higher rental income.
Rental income rose 15.8% year-over-year to €34.5M, supported by new acquisitions and favorable lease indexation.
Adjusted NAV per share stood at €84.5 at year-end 2025, with a proposed dividend of €2.07 per share, fully in cash.
Portfolio expanded with the acquisition of a prime office and retail building at 88 rue de Rivoli, Paris, and continued asset enhancement initiatives.
Financial highlights
Net rental income reached €34.5M, up 15.8% from 2024, with like-for-like growth of 9%.
Operating income rose 19.1% to €31.9M, while net income attributable to the group increased 3.6% to €28.3M.
Cash flow from operations (excluding working capital changes) was €21.7M, up 17.8% year-over-year.
Portfolio value (excluding duties) increased to €990.4M from €877.1M at end-2024.
Outlook and guidance
Investment strategy remains focused on selective acquisitions of prime office and retail assets.
Ongoing asset management and renovation to maintain competitiveness and comply with environmental standards.
- Net income doubled to €19.4M, rental income rose 12.6%, and portfolio strength persisted.IMDA
H1 202525 Jul 2025 - Net income up 284% to €10M, driven by rental growth and lower asset write-downs.IMDA
H1 202413 Jun 2025 - Q1 2025 rental income up 8.5% to €7.9M, with occupancy at 93.1% and new leases signed.IMDA
Q1 2025 TU6 Jun 2025 - Rental income and asset values rose, with robust financials and a higher cash dividend.IMDA
H2 20245 Jun 2025
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