Report
Florent Laroche-Joubert

Altarea Cogedim : Positive momentum and visibility on the outlook

>An operational performance driven by all business lines - Following an interim publication marked by a seasonal effect, Altarea-Cogedim (AC) has confirmed its short and medium term targets with 2020 FFO group share of € 300m and has issued guidance for 2019 FFO / share of between € 17.50 and € 17.70 in line with our forecast range (2019e FFO of € 17.52). Management has also indicated that it wants to propose a dividend of € 13.00 to the shareholders AGM.In terms...
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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