Icade - Mixed operational results
Gross rental income emerged at EUR 181m, down -2.1% YoYOccupancy is down to 86.5% (-120bp over 6 months).EPRA earnings from Commercial property investment amounted to EUR 91.9m, down -7.0% YoY.EPRA NTA slid to EUR 79.3, down -11.8% over the period.The minimum special dividend to be distributed in 2024 is EUR 2.54 per share.A review of all businesses and assets is undergoing, with a new roadmap to be announced in late 2023 or early 2024.Icade is a property developer/real estate investment trust (REIT). Co. offers its clients and business partners a range of complementary products and expertise in the development, design, contracting, marketing, and administrative and technical management of their properties. Co.'s activities are segmented into three divisions: Property Investment, Property Development, and Services. Property Investment focuses especially energy, water, waste and carbon comprises significant properties; Property Development targets properties and operations whose service orders were launched during the year, and Services division manages office buildings and housing units on behalf of third parties.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
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