Icade : Stronger adjustments than expected and no fresh progress on the divestment of Icade Santé
>2023 NCCF / share pro forma at € 3.07 and asset valuations -17.5% y-o-y - This morning, Icade published net current cash flow (NCCF) / share of € 4.62 (-15.9% y-o-y) vs the consensus at € 4.38, which includes NCCF pro forma of the divestment of Icade Santé at € 3.07 vs guidance for € 2.95-3.05, as well as an adjustment to the valuation of assets that was stronger than had initially been expected at -17.5% (-10.8% for H2 2023): The commercial property and propert...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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