Frey SA develops, owns and manages commercial real estate in France, with a focus on open-air retail parks designed around environmental and accessibility standards. It acts as developer, owner and asset manager for shopping destinations that host large retailers and mid-size brands outside dense city centers. The model combines rental income from commercial tenants with value creation through development and portfolio management. Its niche is modern retail parks rather than enclosed malls or pure residential property.
| Year | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| 2022 | 124.1 | — | 129.4 | — |
| 2023 | 148.5 | 19.7% | 18.9 | -85.4% |
| 2024 | 191.3 | 28.8% | 40 | 112.1% |
| 2025 | 231.4 | 20.9% | 77.4 | 93.5% |
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