The Inea real estate company reported gross rental income up 15% to 49.8 million euros for the first nine months of the year, including a 6% increase in revenues on a like-for-like basis, mainly due to the contribution of indexation.

The entry into operation of new buildings between 2022 and mid-2023 accounts for 60% of this 15% increase. No properties were acquired or delivered during the third quarter, resulting in lower sales growth over this period alone (+12%).

The entry into operation of new properties, combined with indexation and good rental activity on existing assets, should ensure that gross rental income growth over 2023 is in line with that of the first nine months, according to Inea.

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