Report
Florent Laroche-Joubert

Icade : Titre très (trop) décoté vs une meilleure visibilité sur les activités résiduelles

>Bilan renforcé avant redéploiement du capital avec un rendement div. de 12.9% - Nous avons reçu Nicolas Joly (nouveau CEO d’Icade), Victoire Aubry (CFO) et Anne-Violette Faugeras (HIR) lors de leur roadshow parisien post-publication semestrielle.Sur la base d’un 1er diagnostic, le nouveau CEO juge que le portefeuille d’actifs de la Foncière Tertiaire est bien meilleur que la perception que peut en avoir le marché et que la cession de la Santé permet dorénavant à...
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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