Report
Florent Laroche-Joubert

Icade : A good H1 2019 in line with the execution of the 2019-2022 strategic plan

>Net current cash flow/share +4.5% y-o-y and EPRA NAV +2.7% vs end-2018 - Icade has published net current cash flow per share for H1 2019 of € 2.36, i.e. +4.5% y-o-y (+11% excluding divestments). With regards to the real estate investment business, net recurrent profit EPRA/share at the real estate investment business was up 5.8% y-o-y. This includes a respective 3.1% and 2.8% increase in rental income at constant scope at the commercial and healthcare real estat...
Underlying
Icade SA

Icade is a property developer/real estate investment trust (REIT). Co. offers its clients and business partners a range of complementary products and expertise in the development, design, contracting, marketing, and administrative and technical management of their properties. Co.'s activities are segmented into three divisions: Property Investment, Property Development, and Services. Property Investment focuses especially energy, water, waste and carbon comprises significant properties; Property Development targets properties and operations whose service orders were launched during the year, and Services division manages office buildings and housing units on behalf of third parties.

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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