Icade : Earnings ahead of the expectations suggested at the CMD in November
>NCCF/share above the consensus at € 5.50 - Icade this morning reported net current cash flow (NCCF)/share of € 5.50 € (+5.9% y-o-y) vs cons. at € 5.31 and above the guidance confirmed on 28 November. Icade also confirmed a 2022 cash dividend in line with expectations at € 4.33/share (cons. € 4.32) for a payout rate of 78%:Commercial property (54% group NCCF): NCCF includes rental income of € 355m (-0.4% l-f-l) and -2.2% at current scope under the impact of € 1....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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