Fonciere Inea: directors' dealings · France · AMF

About Fonciere Inea

FONCIÈRE INEA is a French listed real estate company focused on sustainable commercial property in the regions. Founded in March 2005, the company built its strategy around a clear investment thesis: acquiring new or recently delivered office buildings in the main French regional cities, outside the Paris region. This early bet on regional economic development allowed INEA to stand out among French REITs and to assemble a portfolio of modern, flexible assets with a strong environmental profile. INEA positions itself as the only listed French property company specialising in sustainable commercial real estate in the regions. Offices account for 79% of the portfolio, and the assets are highly concentrated in the eight most dynamic regional French cities. The company also highlights the functional quality of its buildings, noting that its properties are divisible and adapted to new workplace trends such as flexible office layouts and coworking. This supports leasing demand in regional markets that have become deeper and more resilient over time. Sustainability is a core part of INEA’s value proposition. The company emphasizes a highly certified portfolio, energy consumption below the French average, and a meaningful share of assets fitted with solar panels or built with timber structures. In 2024, INEA reported strong operating performance, with gross rental income of €78.0 million, EBITDA up 16%, and recurring net income of €26.5 million. The board proposed a €2.70 per-share dividend for the year. As of the end of 2025, the company said its total asset value reached €1.210 billion, while its market capitalization stood at €370 million. Its shareholder base is relatively stable, with a notable presence of founders and family shareholders alongside institutional investors. Led by CEO Philippe Rosio, INEA is viewed as a growth-oriented real estate company that is gradually entering a more mature phase, with increasing emphasis on profitability, asset quality, and long-term cash generation.