Report
Florent Laroche-Joubert

Societe Fonciere Lyonnaise : A very robust operating performance in line with previous quarters

>A robust operating performance with organic growth at 8.3% y-o-y - SFL’s rental income came to € 171.6m in 9M 23 i.e. an increase of 13.1% y-o-y at current scope and 8.3% at constant scope:At constant scope, rental income growth at € 10.8m (+8.3%) is driven mainly by indexation but also the gradual upturn in the hotel activity at the Edouard VII site after the pandemic crisis, the improving occupancy rate in the portfolio in operation, as well as reversion captu...
Underlying
Societe Fonciere Lyonnaise SA

Societe Fonciere Lyonnaise purchases, renovates, develops, and manages urban properties in a real estate portfolio located primarily in Paris, France. Co. divides its operation into two segments: Property rental services & Sales. Co.'s geographic segments comprise: Paris Central Business District, comprising the Golden Triangle and the Financial District, spanning parts of the 1st, 2nd, 9th, 8th, 16th and 17th arrondissements of Paris; Western Crescent, located West of Paris on the other side of the Boulevard P?riph?rique ring-road, comprising Neuilly, Boulogne, Issy-les-Moulineaux and Levallois; and Others corresponding to the rest of Paris, outside the Central Business District.

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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