Societe Fonciere Lyonnaise : Earnings and asset valuations beat forecasts
>Assets with a dominant share of offices in the Paris CBD benefit from the scarcity of supply - On Thursday evening, Société Foncière Lyonnaise (SFL), an 82%-owned subsidiary of the Colonial group, reported annual results that beat our forecasts with EPRA earnings per share of € 2.56 (+11.8% y-o-y) vs € 2.46 estimated and EPRA NAV per share of € 99.4 (+11.7% y-o-y) vs € 94.6 estimated. The group, which owns a portfolio of 20 prime assets with a dominant component of o...Societe Fonciere Lyonnaise purchases, renovates, develops, and manages urban properties in a real estate portfolio located primarily in Paris, France. Co. divides its operation into two segments: Property rental services & Sales. Co.'s geographic segments comprise: Paris Central Business District, comprising the Golden Triangle and the Financial District, spanning parts of the 1st, 2nd, 9th, 8th, 16th and 17th arrondissements of Paris; Western Crescent, located West of Paris on the other side of the Boulevard P?riph?rique ring-road, comprising Neuilly, Boulogne, Issy-les-Moulineaux and Levallois; and Others corresponding to the rest of Paris, outside the Central Business District.
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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