Report
Joan Sehim

Altarea : Faire le dos rond en attendant 2025

Altarea, comme le reste du marché, traverse actuellement un cycle exceptionnellement difficile. Le promoteur fait le dos rond, en réduisant ses engagements et ses stocks, quitte à faire une croix sur ses marges, afin de préserver sa génération de cash. Contrairement à beaucoup d’autres, il est bien aidé par son activité de foncière commerciale, toujours performante, mais aussi par une liquidité et un bilan solide. Il s’agit déjà de préparer le redémarrage de la demande en 2025, d...
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
Joan Sehim

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