Altarea : Recovery in residential development, strength in retail and optionality in data centres, all with controlled financial risk
Altarea presents an attractive investment profile, even in the current climate, compared with its peers, thanks to its growth in residential development, the strength of its retail property portfolio and the increasingly credible growth potential in data centres. We therefore reiterate our Outperform rating on the share and confirm our target price at € 134.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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