We have updated our model on the positive numbers posted by Icade. Revenues from investment (leasing activity) stood ahead of our expectations, while property development significantly increased its backlog on the back of positive tax incentive schemes, as expected. As a reminder: EPS came out at €4.41, up 8.3% and ahead of our expectations of €4.22. The proposed dividend was was €4.00. The value of the portfolio at €9.7bn, gained +6.2%, was also ahead of our expectations,
06 Mar 2017
Maintaining positive expectations with the implementation of the new plan
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Maintaining positive expectations with the implementation of the new plan
Icade SA (ICAD:PAR) | 0 0 1.5% | Mkt Cap: 6,092m
- Published:
06 Mar 2017 -
Author:
Alda Kule Dale -
Pages:
3
We have updated our model on the positive numbers posted by Icade. Revenues from investment (leasing activity) stood ahead of our expectations, while property development significantly increased its backlog on the back of positive tax incentive schemes, as expected. As a reminder: EPS came out at €4.41, up 8.3% and ahead of our expectations of €4.22. The proposed dividend was was €4.00. The value of the portfolio at €9.7bn, gained +6.2%, was also ahead of our expectations,