Icade : An encouraging publication for well-positioned office property but major challenges remain over the coming months
>Performances in line but mixed between the different segments - This morning, Icade published consolidated sales for Q1 2024 of € 322m (€ 303m est.) up 12.3% y-o-y. This trend includes dynamic activity in the well-positioned office property segment and a decline in property development segment, as expected:Commercial real estate (29% of revenue in Q1 2024): the trend for rental income at constant scope was +1.7% (i.e +5.1% of well-positioned offices and +7.1% of...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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