Societe Fonciere Lyonnaise : Very robust performance driven by polarisation in the Paris CBD
>Very strong operating performance carrying on from Q1 2023 - Société Foncière Lyonnaise (SFL), a 98.3%-owned subsidiary of the Colonial group that represents nearly 60% of its portfolio, reported its Q1 2023 results yesterday evening (rental income up +10.1% at constant scope). The results were broadly in line with our expectations with recurring net income/share of € 1.24 (i.e. +8.8% y-o-y):SFL signed leases on around 29,000 m² in H1 2023 vs 47,000 m² in the 12...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.
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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