Altarea's profits are expected to increase in 2025.

The company's key profitability indicator, its recurring net income, rose by 13,9% to reach €144,9 million, supported by revenues from shopping centers and improved margins in new housing.

The operation of shopping centers generated €285 million in revenue and residential real estate development €1,65 billion.

The group's overall revenue is down 25% year-on-year, falling to 2 billion euros. "In 2024 we made a large sale of a logistics warehouse and in the housing sector we are gradually having fewer real estate transactions than in previous years," the 77-year-old executive told AFP.

He nevertheless welcomes the "rebuilding of margins" in housing, with "more and more operations launched with new criteria" adapted to the current market.

To cope with the new housing crisis, Altarea has been offering smaller, cheaper homes with more accessible financing conditions since 2024.

Reservations for new homes are up 8% year-on-year, particularly for the segment of households buying their first home (+12%).

Altarea, like the rest of the sector, is suffering from the elimination of the Pinel tax break, which encouraged individuals to invest in rental properties. Reservations for housing by individual investors have fallen by 34% in 2025.

The company "continues to invest in new businesses," Mr. Taravella points out, including asset management, renewable energy and data centers.

"We have had initial successes in data centers; it's a huge market in which we want to take a significant position," says the company's president.

Altarea has signed a partnership with Vantage, an American digital infrastructure company, to "develop a data center campus" near Bordeaux.

For 2026, Altarea forecasts a "significant increase" in its recurring net income and sets itself the objective of reaching 300 million euros in the medium term.

The group's net profit increased by 37,7% in 2025, to €8,4 million. Altarea will propose a dividend of €8 per share to its shareholders, unchanged from last year.