Icade qualified its leasing activity as “resilient” in 9M 19 vs. “solid” in H1 19, or a change in its wording in our view. In fact, we observed a lfl decrease in rents in Q3 19. This leads us to become more cautious, aside our questions concerning the French Offices end-market around the City of Paris for some months.

18 Oct 2019
Something like a negative signal in Q3 19?

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Something like a negative signal in Q3 19?
Icade SA (ICAD:PAR) | 0 0 1.5% | Mkt Cap: 6,092m
- Published:
18 Oct 2019 -
Author:
Christian Auzanneau -
Pages:
3 -
Icade qualified its leasing activity as “resilient” in 9M 19 vs. “solid” in H1 19, or a change in its wording in our view. In fact, we observed a lfl decrease in rents in Q3 19. This leads us to become more cautious, aside our questions concerning the French Offices end-market around the City of Paris for some months.