Quatre segments bien orientés - ACHAT - OC 85€
Les résultats ont été positifs dans un environnement de marchés favorables, qui devrait se poursuivre en 2017, avec une croissance organique attendue en amélioration vers +2%. Le pipeline de projets renforcé (3,1Mds€) permet déjà de compenser certaines des cessions d’actifs non stratégiques encore prévues, ce qui n’empêche pas FDR de souhaiter poursuivre ses investissements et capitaliser sur ses partenariats à long terme avec les Grands Comptes. Nous maintenons notre opinion ACHAT et notre objectif de 85€, traduisant un multiple de résultats 2018 (post augmentation de capital) de 15,5x, un rendement du dividende de 5,2%, et une prime sur ANR 17e de +4,7%.Fonciere des Regions is a long-term real etaste investor with a focus on office assets. Co.'s portfolio includes investment properties and properties under development. Co. holds a range of real estate assets, to collect lease payments and benefit from appreciation in the assets held. Co.'s activities can be divided into five segments: Office Markets in France; Office Markets in Italy; Logistics; Business Premises; and Car Parks.
Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.
Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.
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