Fonciere INEA - Q3 2023 - Sales trading update
Rental income 9M 2023 lands at EUR 49.8m4 further assets will be delivered in Q4, and 4 acquisitions are expected as well in Q4We reiterate our ‘Hold' rating and EUR 42.00 TPFurther details in our Note published this morningFonciere Inea. Fonciere Inea SA is a France-based company that specializes in owning and managing commercial real estate properties. The Company's portfolio consists of office buildings, e-mail platforms, local businesses and warehouses. The Company operates through its subsidiaries, including SCI PA, SCI Alpha 11 Marbeuf and SAS MD, among others. Fonciere Inea SA comprised properties located throughout over 20 regional cities in France, including Espace Concorde in Montpellier, Champ Chardon in Orleans, Exapole in Saint Herblain, Les Baronnies in Marseille, Za Kennedy, among others. The Company has also a 22% stake in Messageries Developpement SAS (formerly Saint Honore Patrimoine). The Company has operations only in France.
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