Financial Evolution of the Eiffel Tower Company in 2024

Société de la Tour Eiffel expects the value of its real estate assets to decline by around 6% by the end of 2024. As of June 30, the value stood at €1,669 million, but is expected to drop to €1,593 million by the end of the year. This decline reflects current market conditions and repositioning efforts.

The financial occupancy rate is also expected to fall to 76%. The Company anticipates a decrease of 15 to 20% in its revalued net assets. A decline in rental activity contributes to this dynamic, with a net balance of -€4.4 million in annualized rents.

To address these challenges, a capital increase of €600 million is planned, with the support of the SMABTP Group. This measure aims to stabilize the financial structure and meet short-term deadlines.