Report
Florent Laroche-Joubert

Altarea Cogedim : Expectations largely exceeded and medium-term ambitions upgraded!!!

>2020 FFO guidance achieved a year ahead of schedule! - Altarea-Cogedim (AC) substantially beat expectations for 2019 by achieving its 2020 FFO guidance a year earlier than planned with group share 2019 FFO of € 298.8m, thanks to excellent performances in its three businesses. For 2019, the group posted growth in earnings (+8.2% y-o-y for attributable FFO) for a dividend in line at € 13 per share, EPRA NAV growth (+4.8% y-o-y at € 178 per share) and an improvement 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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