Report
Florent Laroche-Joubert

Icade : A solid trend in line with H1 2021 and forecasts

>Continuation of the trends observed in H1 2021 - This morning, Icade reported consolidated 9M sales of € 1,224m, up sharply at current scope (+25.2% y-o-y; +20.2% vs 9M 19) with a trend at constant scope of 0.3% for the real estate investment activities and broadly in line with our forecasts (€ 1,218me).This performance reflects the continuation of the trend observed over the two previous quarters, i.e. 1/ occupancy rate down slightly as anticipated in commercia...
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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