Altarea : Publication in line with a still very solid medium-term trajectory
>An operational performance in line with the full-year trajectory - Altarea has published H1 21 results with solid FFO at € 118m (+3.1% y-o-y; +7.1% vs 2019) in line with forecasts and its full-year trajectory for which we anticipate a marked seasonal effect on residential real estate development:Residential real estate (EBIT + 17.9% y-o-y; 45% FFO H1 21): The operational performance was principally marked by four elements: 1/ the pre-letting by CDC Habitat in H1...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.
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.
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