Selectirente SA (SELER) AI Stock Analysis

• Market Cap: €333.40M
• Dividend Yield: 4.94%
• Average Volume (3M): 5.00
• Price to Earnings (P/E): 9.8
• Beta (1Y): 0.07
• Revenue Growth: -6.93%
• EPS Growth: 58.90%
• Country: FR
• Employees: 128
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): N/A
• Shares Outstanding: 4,172,938
• 10 Day Avg. Volume: 6
• 30 Day Avg. Volume: 5
• PEG Ratio: -2.23
• Price to Book (P/B): 0.90
• Price to Sales (P/S): 9.60
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €88.00
• Price Target Upside: 7.32% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: €84.00 ▲(2.44% Upside)
• Action: Downgraded Date: 03/04/26
• Date: Action: Downgraded 03/04/26

The score is held back primarily by weakened fundamentals (sharp 2025 revenue decline and uneven/weak free cash flow) and bearish technical conditions (below major moving averages with negative MACD). These are partially offset by attractive valuation metrics, including a low P/E and strong dividend yield.

Positive Factors

Recurring rental income model

Selectirente’s core business is leasing and property management, producing recurring base rent and tenant recoveries. That leasing cash-flow model creates a predictable, durable revenue stream that supports operations, distributions, and long-term asset management, key for a REIT.

Strong reported profitability

Reported margins are unusually high, implying efficient property operations or low reported operating costs. High margins provide a buffer versus revenue volatility, improving the company's ability to cover fixed costs, support dividends and fund maintenance or selective investments over multiple quarters.

Manageable leverage profile

A moderate debt-to-equity range gives Selectirente financial flexibility to refinance, invest in assets or absorb shocks. Stable equity and asset bases underpin balance-sheet resilience, supporting access to credit and the ability to execute on long-term portfolio management strategies.

Negative Factors

Large 2025 revenue decline

A ~41.7% drop in revenue materially reduces the recurring cash base underlying a rental business. Such a sharp top-line contraction may reflect disposals, lease roll-offs or occupancy loss, undermining sustainable NOI, dividend coverage and the firm's ability to execute long-term plans.

Volatile cash generation / FCF

Inconsistent free cash flow raises execution risk: uneven ability to fund capex, service debt, or maintain distributions without asset sales or external financing. This volatility weakens the reliability of internal funding for maintenance and growth over multi-quarter horizons.

Recent increase in debt (re-levering)

The 2025 rise in total debt signals re-levering, which raises interest and refinancing exposure. Higher leverage limits strategic optionality, increases sensitivity to rate moves, and can compress credit headroom needed for acquisitions or to offset future revenue volatility.

Selectirente SA Business Overview & Revenue Model

Company Description

Selectirente is a public real estate fund managed by Sofidy. It invests in city center and suburb commercial properties, which should be located close to shopping malls. It primarily acquires properties in France. As of March 29, 2019, Selectirente operates as a subsidiary of Tikehau Capital.

How the Company Makes Money

Selectirente SA generates revenue through multiple streams, primarily through the rental of equipment and vehicles to businesses and individuals. The company charges fees based on the duration of the rental, type of equipment, and any additional services such as maintenance or delivery. Key revenue streams include long-term leasing contracts with corporate clients, short-term rentals for events and projects, and ancillary services like insurance and equipment servicing. Strategic partnerships with manufacturers and suppliers enable SELER to offer a wide range of high-quality products while optimizing procurement costs, further enhancing profit margins.

Selectirente SA Financial Statement Overview

Summary

Reported profitability is strong (very high recent net margins), and leverage appears manageable for a retail REIT. However, 2025 revenue fell sharply (-41.7%) and operating cash flow declined, while free cash flow was effectively flat at ~0 after prior volatility—weak cash conversion and top-line contraction materially reduce the financial score.

Income Statement

Profitability is strong on paper, with very high operating and net margins in recent years (2024–2025 net margin ~75–80%). However, the top line has stalled and then declined sharply: revenue was roughly flat in 2024 (-2%) and fell materially in 2025 (-41.7%). Net income also dipped in 2025 versus 2024, indicating earnings power is sensitive to revenue/asset-level variability.

Balance Sheet

Leverage looks manageable for a REIT, with debt-to-equity generally in the ~0.44–0.67 range, though debt increased in 2025 (total debt ~223m vs ~197m in 2024). Equity and assets have been relatively stable to modestly growing over time, supporting balance-sheet resilience, but the gradual re-levering in 2025 is a watch item.

Cash Flow

Cash generation is inconsistent. Operating cash flow remains positive (about 17m in 2025 vs ~23m in 2024), but free cash flow has been volatile—deeply negative in 2020–2022, positive in 2023–2024, and then effectively zero in 2025 with a -100% change. The gap between reported earnings and cash outcomes in several years elevates execution and reinvestment risk.

Breakdown	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	35.55M	35.60M	36.37M	34.10M	26.46M
Gross Profit	24.61M	35.60M	25.82M	26.40M	20.18M
EBITDA	33.76M	24.38M	24.15M	30.50M	25.22M
Net Income	26.93M	28.60M	13.20M	13.41M	21.06M
Balance Sheet
Total Assets	623.09M	598.28M	607.92M	578.73M	484.66M
Cash, Cash Equivalents and Short-Term Investments	30.87M	6.85M	9.12M	20.37M	23.36M
Total Debt	222.66M	196.59M	218.40M	254.04M	160.16M
Total Liabilities	243.13M	224.87M	240.21M	273.96M	177.14M
Stockholders Equity	379.56M	373.41M	367.71M	379.07M	367.42M
Cash Flow
Free Cash Flow	0.00	23.18M	26.91M	-92.42M	-79.97M
Operating Cash Flow	16.95M	23.18M	26.91M	17.39M	29.60M
Investing Cash Flow	8.74M	8.77M	18.20M	-98.85M	-106.58M
Financing Cash Flow	-2.20M	-34.38M	-56.37M	78.48M	1.03M

Selectirente SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 82.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:SELER, the sentiment is Negative. The current price of 82 is below the 20-day moving average (MA) of 82.00, below the 50-day MA of 82.23, and below the 200-day MA of 82.57, indicating a bearish trend. The MACD of -0.52 indicates Positive momentum. The RSI at 25.22 is Positive, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:SELER.

Selectirente SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IMDA	73 Outperform	€381.37M	9.76	―	3.91%	-2.53%	―
PAT	68 Neutral	€385.33M	9.06	―	5.92%	15.61%	17.82%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
FREY	65 Neutral	€998.61M	157.68	0.61%	6.51%	8.81%	-78.28%
INEA	63 Neutral	€374.00M	76.18	―	8.06%	10.30%	―
SELER	59 Neutral	€333.40M	9.80	―	4.94%	-6.93%	58.90%