Report
Florent Laroche-Joubert

Icade : A particularly solid year in 2020 despite the context

>Good operational resilience vs expected effects on the valuation - Icade this morning reported net current cash flow per share of € 4.84 (-7.9% y-o-y), just ahead of its guidance confirmed on 23 November of € 4.80 and confirmed, as expected, the payment of a dividend of € 4.01 per share with the optional payment in shares for the second interim payment of 50% (payout ratio of 83%). As in the first nine months of the year, this performance reflects good resilience in ...
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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