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Immorente unveils its annual achievements

Immorente improves its results for the 2018 financial year. The real estate company increased its invested portfolio by 179 million dirhams to reach 452 million dirhams, an increase of 66%.

Rents thus recorded a growth of 33% to MAD 19.7 million “due to the increase in the scope of assets”. The yield improves by 8.1% against 7.7% in 2017.

In this context, the property generates a net profit of MAD 14.2 million against MAD 5 million in 2017. The consolidated net result stands at 3,7 million against a loss of MAD 2 million a year ago.

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