Patrick Richard, Executive Member of the Board of Directors of Varia US Properties, said: “We are back to a better market environment. Like in the previous quarters, Varia US Properties continued to further improve its operational results and performance. For the first time in almost two years, valuations are starting to improve and cap rates are slightly compressing. Inflation has continued to decelerate. Uncertainty surrounding the US Presidential election has now passed after an orderly voting process, while the full impact of the election on the commercial real estate market remains to be seen. All in all, the market and macroeconomic landscape seem to be improving, and the Board of Directors is confident that the Company is well positioned to benefit from the rebound.”