Like-for-like rents up 4.2% YoY driven primarily by the strong indexation (+3.8%).Portfolio value down 3.4% vs December end at EUR 2.99bn. Average appraisal yield up 46bps to 6.21%.OCR stood at 10.9%, declining 20bps vs December end.2023 FFOps guidance reiterated (at least +2% YoY or EUR 1.15), dividend at 85-95% of the FFO.Good results, solid balance sheet and a clear focus on affordable retail position the company well for the future. The news about the future of Casino would likely provide a relief for the stock, which has underperformed its peers by -23.6% (EPRA Eurozone Retail index).The stock trades at an
