Icade : 2023 outlook maintained l-f-l ex divestment of healthcare property
>Office property resilient and property development sales expected flat in 2023 - Icade this morning reported consolidated sales for Q1 2023 of € 287m, down 11.7% y-o-y at current scope. This includes dynamic activity in office property and a fall in reservations in property development in line with peers in the current context of rising interest rates:Office property (56% of 2022 cash flow): l-f-l growth in rental income came to +2.8 % (vs -0.4% in 2022) driven...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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