Operator
Ladies and gentlemen, welcome to the emeis conference call regarding its full year 2025 results. It will be structured in 2 parts. First, a presentation by emeis management team represented by Mr. Laurent Guillot, Group CEO; and Mr. Jean-Marc Boursier, Group CFO. Afterwards, there will be a Q&A session during which you can ask oral or written questions. I will now hand over to the management team. Gentlemen, please go ahead.
Laurent Guillot
CEO & Director
Well, thank you, and good morning to everyone, and thank you once again for attending this webcast for our full year earning ’25. Before answering to your question with our Deputy CEO and CFO, Jean-Marc Boursier, we will share with you a few thoughts regarding this year 2025 and 2026. I will begin my presentation by reviewing some of the group’s key characteristics, which many of you already are familiar with. First, I would like to highlight the geographic diversification of our operation, which includes France, Northern Europe, Germany and Netherlands, Central Europe, Austria, Switzerland and Southern Europe, Spain and Italy.
Next, our business diversification with 2/3 of our revenues generated by nursing homes and the remainder by post-acute care clinics and psychiatric clinics. And finally, our shareholder structure, which is built for the long term around solid and reputable [ anchor ] shareholders. It is also important to note that our group also distinguishes itself through its significant real estate portfolio, which is worth EUR 5.6 billion by the end of ’25. 44% of the beds we operate are owned by the group, a figure that, to my knowledge, is unmatched among groups of comparable size. And our portfolio is also geographically of real estate is well distributed in
