Report
Florent Laroche-Joubert

Altarea : Altarea emerges from 2020 on a stronger footing!

>Operating performance in line, balance sheet fully intact - Altarea’s 2020 FFO came out in line with the guidance issued in July at € 230.3m (-21.4% y-o-y) vs € 236me, bringing FFO / share to € 13.48. 2020 was therefore a year in which the group proved very agile and able to adapt rapidly to the crisis in all three of its business lines: Residential (55% of group FFO): Altarea is gaining market share and posted another increase in orders in 2020 (+2.3% y-o-y in ...
Underlying
Altarea SCA

Altarea Cogedim is a real estate investment trust and development company. Co. is an active operator in the three main segments — retail, residential & office-hotels property — with the ability to design, develop, market & manage custom-tailored real estate products. In the Retail segment, Co. is active in real estate investment, development, asset management, providing services to third-party customers. In the Residential segment, Co. is a residential property developer. In the Office Property segment, Co. is a global operator active in all commercial property formats: high-rise buildings, business districts, corporate headquarters, renovation projects, green districts & luxury hotels.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Florent Laroche-Joubert

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