Following Covivio, Gecina, SFL… Icade reported a nice set of FY 19 figures. Positive revaluations slowed in the City of Paris in H2 19 (1.3% vs. 3.1% in H1 19) despite the acceleration in the heart of the City in H2 19. The surprise came from assets outside the Paris Region, showing a 19% lfl increase in H2 19 vs. 1% in H1 19. Following the share price’s rally, we stick to our negative stance.
26 Feb 2020
Blue sky for French Offices
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Blue sky for French Offices
Icade SA (ICAD:PAR) | 0 0 1.5% | Mkt Cap: 6,092m
- Published:
26 Feb 2020 -
Author:
Christian Auzanneau -
Pages:
4
Following Covivio, Gecina, SFL… Icade reported a nice set of FY 19 figures. Positive revaluations slowed in the City of Paris in H2 19 (1.3% vs. 3.1% in H1 19) despite the acceleration in the heart of the City in H2 19. The surprise came from assets outside the Paris Region, showing a 19% lfl increase in H2 19 vs. 1% in H1 19. Following the share price’s rally, we stick to our negative stance.