Societe Fonciere Lyonnaise : Very solid results driven by significant polarisation in Paris CBD
>EPRA earnings per share up sharply (+22.8% at € 2.52) - Société Foncière Lyonnaise (SFL), the 98.3%-owned subsidiary of the Colonial group and accounting for close to 60% of its portfolio, yesterday evening posted full-year results ahead of our expectations, with EPRA earnings per share of € 2.52 (+22.8% y-o-y) vs € 2.42 est. and a dividend in line at € 4.20:SFL in the end let 47,000m² in 12m 2022 (with 11,000m² in Q4) amid very marked polarisation in the offic...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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