Icade : The resilience of property investment and a solid balance sheet as assets
>Satisfactory start to the year before the lockdown - On Friday evening Icade reported revenues for Q1 2020 with momentum in activity in property investment (92% of Icade’s net current cash flow (NCCF) showing a satisfactory start to the year with rental income up +8% y-o-y on a reported basis:Office property (62% of NCCF): growth at constant scope came to +2.9% (with +2.0% from indexation) for an occupancy rate that was down slightly by 0.8% q-o-q at 91.6% (93.7...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.
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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