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I ARGAN Quarterly financial information - Neuilly - sur - Seine , Thursday , October 1 , 2026 - 5.45 pm RENTAL INCOME UP + 5 % OVER THE FIRST NINE MONTHS OF 2026 Rental income ( IFRS ) as at September 30 , 2026 ( unaudited figures ) € million 2026 2025 Trends 1st quarter ( Jan. - March ) 54.4 52.9 + 3 % 2nd quarter ( April - June ) 55.3 52.9 + 5 % 3rd quarter ( July - Sept . ) 56.5 52.9 + 7 % Total first nine months 166.2 158.7 + 5 % € 166.2 million in rental income over the first nine months of 2026 Over the first nine months of 2026 , ARGAN , the French property company specialising in and leading the development and leasing of PREMIUM warehouses in France , recorded rental income of € 166.2 million , up 5 % compared with the same period in 2025. Growth over the first nine months of 2026 was primarily driven by the full - year effect of the developments delivered in 2025 , supplemented by the rent indexation ( + 0.6 % ) effective as of January 1 , 2026. The Company also maintained a 99.9 % EPRA occupancy rate . Based on the very strong performance achieved over the first nine months and solid prospects for the fourth quarter , ARGAN is once again raising its full - year 2026 rental income target and now expects at least € 222 million¹ , representing an increase of + 5 % compared with 2025 . Seven developments delivered since the beginning of the year as part of a 2026 investment programme of approximately € 200 million covering a total of ten projects As a reminder , the secured investment programme for 2026 amounts to € 200 million . Acquisitions account for nearly € 130 million of investments , while the average overall yield on 2026 investments exceeds 6 % . More than € 150 million has already been delivered through seven projects intended for : - PUMA , delivered in February in the Vendenheim logistics zone ( 67 ) , with a total surface area of 42,000 sq.m. With a longstanding presence in the French ‘ Grand Est ' region , PUMA occupies this new site near Strasbourg , leased under a long - term lease with a firm 9 - year term ; POMONA , for an extension , also delivered in February , adding 1,300 sq.m of new negative cold storage space in Valenton ( 94 ) . This delivery also provided an opportunity to extend the lease for a firm 12 - year term ; CELIO , for a new 12,000 sq.m extension , inaugurated in April , bringing the total surface area of the Amblainville ( 60 ) site to 55,000 sq.m , while reducing the site's CO2 emissions fourfold thanks to the entire facility being upgraded to the AutonomⓇ label . This new milestone also marks the start of a renewed commitment through a firm 10 - year lease ; DANONE , for a new AutonomⓇ site in Sorigny ( 37 ) , close to Tours , delivered at the end of May . This new warehouse spans 8,200 sq.m , including 6,400 sq.m of temperature - controlled space ( 2-6 ° C ) and an 800 sq.m office block , under a firm 9 - year lease ; 1 For further information , please refer to the press releases dated January 22 , 2026 , and July 20 , 2026 . 1