Icade : Very strong resilience and 2020 guidance beats our forecasts
>Real estate investment proves very resilient - This morning Icade published consolidated 9M 2020 sales of € 978m, -6.6% at constant scope (+1.9% on investments and -15.6% on development). This performance reflects a good deal of resilience in real estate investment and a property development activity that was less impacted than expected by the delays caused by the lockdown. Commercial real estate: rental income was € 256m for 9M 2020 up +4.5% y-o-y at current sc...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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