Report
Florent Laroche-Joubert

Societe Fonciere Lyonnaise : High resilience

>Operating performance in line with previous trend - The operating performance of Société Foncière Lyonnaise (SFL) is in line with the previous trend:Its Q1 2020 sales of € 46.7m are up +1.9% at constant scope, mainly due to the indexation effect, with the occupancy rates remaining stable y-o-y at 97%.The constant-scope change of -3.8% y-o-y reflects: 1/ the development / renovation of spaces end-2019 and early 2020 in the buildings at 103 Grenelle and Edoua...
Underlying
Societe Fonciere Lyonnaise SA

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.

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
Florent Laroche-Joubert

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