Immorente Invest, a leading real estate investment company, reported an 8% increase in consolidated revenue, reaching MAD 41.3 million at the end of June 2025, compared to the first half of 2024. This growth is mainly attributed to the expansion of its asset portfolio completed at the end of 2024.
In the second quarter alone, revenue amounted to MAD 21.1 million, up 5% year-on-year. This performance was driven by the delivery of Faurecia’s factory extension in Q4 2024 and the leasing of new office spaces during the same period. On a standalone basis, Q2 revenue reached MAD 8.9 million.
Premium portfolio and top-tier tenants
Immorente Invest’s portfolio consists of premium assets located in strategic areas, leased to major tenants including Faurecia, Aptiv, SFC, CNSS, FRI, Huawei, and Société Générale Group. This reflects the company’s strong positioning in the Moroccan real estate market.
The company is also developing a new built-to-suit factory for Skylla within the Atlantic Free Zone. The project represents a total investment of over MAD 50 million, with delivery scheduled for Q3 2025.
Solid financial structure and positive outlook
As of June 30, 2025, the Loan-to-Value (LTV) ratio stood at 26%, highlighting well-controlled debt levels. Gross financial debt amounted to MAD 362 million, while available cash stood at MAD 29.5 million. This solid financial structure enables Immorente Invest to sustain an active investment strategy while ensuring attractive returns for shareholders.
For the full year 2025, the company anticipates revenue growth in the range of 8% to 10%, supported by portfolio expansion and the commercialization of new office assets delivered at the end of 2024. Immorente Invest is also maintaining its forecast for FFO at MAD 5.3 per share, implying an estimated yield of around 6%.
