Altarea : First positive signs in a still deteriorated housing market
>FFO in H1 2024 at € 57.9m (2.7x y-o-y) and FFO/share at € 2.74 (2.6x y-o-y) - Yesterday evening Altarea reported sharp growth in H1 2024 FFO to € 57.9m (+2.7x y-o-y), or FFO/share of € 2.74 (+2.6x y-o-y), broadly in line with our expectations. Largely driven by the retail REIT, this performance was again well down on the medium-term target and it reflects in residential property development the end of the take-up of the old-generation offer, a level of risk at a lo...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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