Report
Florent Laroche-Joubert

Icade : 2021 figures slightly above forecasts, IPO on standby at the moment

>NCCF / share +3% vs consensus at € 5.19 - Icade this morning reported net current cash flow (NCCF) / share of € 5.19 (+7.2% y-o-y) vs the consensus at € 5.01, beating the guidance confirmed on 29 November, i.e. “+5% including the effect of disposals”. Icade also confirmed the payment of a cash dividend of € 4.20 / share (consensus € 4.13), slight ahead of its guidance (payout rate 81%). Carrying on from the first nine months, this performance reflects the following ...
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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