Societe Fonciere Lyonnaise S.A.

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.
  • TickerFLY
  • ISINFR0000033409
  • ExchangeEuronext Paris
  • SectorReal Estate Investment Trusts
  • CountryFrance

Analysts

Societe Fonciere Lyonnaise: 1 director sold

A director at Societe Fonciere Lyonnaise sold 306 shares at 73.400EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names...

Alain William ...
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 10/15/2019

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Alain William ...
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 15/10/2019

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Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 15/10/2019 - Saint-Gobain - FR

Saint-Gobain (Achat) : Continue la cession des activités de distribution aux particuliers Portugal : Envisage de réduire le niveau de l’endettement en dessous de 100% d’ici 2023 Banques néerlandaises : Devront afficher €3mds de fonds propres supplémentaires Arkema (Achat) : Projette de céder son activité Polyoléfines Fonctionnelles pour €335m Capgemini : L'AMF valide le projet d'OPA sur Altran Wendel (Achat) : Accord sur l’acquisition de CPI pour $910m Matalan – S1-19/20 : Résultat opérationnel de £35m (+9,3%)

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 15/10/2019 - Saint-Gobain - FR

Saint-Gobain (Achat) : Continue la cession des activités de distribution aux particuliers Portugal : Envisage de réduire le niveau de l’endettement en dessous de 100% d’ici 2023 Banques néerlandaises : Devront afficher €3mds de fonds propres supplémentaires Arkema (Achat) : Projette de céder son activité Polyoléfines Fonctionnelles pour €335m Capgemini : L'AMF valide le projet d'OPA sur Altran Wendel (Achat) : Accord sur l’acquisition de CPI pour $910m Matalan – S1-19/20 : Résultat opérationnel de £35m (+9,3%)

Florent Laroche-Joubert

Societe Fonciere Lyonnaise : Excellent operating performance in a robust market!

>9M 2019 rental income up 3.5% like-for-like - SFL's 9M 2019 rental income, reported yesterday evening, was broadly in line with our expectations. It came in at € 149.1m for 9M 2019, i.e. +3.7% y-o-y on underlying scope (vs +1.9% in H1 2019) and +3.5% on like-for-like (vs +3.6% in H1 2019). On constant scope and according to management, this trend was driven by the new leases signed in 2018 (mainly on the Cézanne Saint-Honoré, Washington Plaza, #cloud.paris and 103 Gr...

Florent Laroche-Joubert

Société Foncière Lyonnaise : Très bonne performance opérationnelle dans un marché porteur !

>Des revenus locatifs sur 9M 19 en hausse de 3.5% à périmètre constant - SFL a publié hier soir des revenus locatifs sur 9M 19 globalement en ligne avec nos attentes. Ils s’élèvent à 149.1 M€ sur 9M19, soit +3.7% yoy à périmètre courant (vs +1.9% au S1 2019) et +3.5% à périmètre constant (vs +3.6% au S1 19). A périmètre constant et selon le management, cette évolution est due aux nouvelles locations intervenues en 2018 (notamment sur les immeubles Cézanne Saint-Honoré...

Florent Laroche-Joubert

ODDO : Office REITs in France: “safe haven” profile confirmed

>Continuing rental momentum… - Immostat's Q3 2019 statistics for office real estate in the Ile de France region reflect a continuation of the rental momentum seen previously: Immediately available supply is increasingly scarce, with only 2.8m m² in Q3 2019 (-2.3% q-o-q & -5.7% y-o-y). The decline in surface area is particularly marked in Paris centre west (-7.5% q-o-q) and the inner rim excluding the western crescent (-7.1% q-o-q). The decline is less marked in ...

Florent Laroche-Joubert

ODDO : Foncières bureaux France : un profil « valeur refuge » qui se confirme

>Une dynamique locative qui se poursuit… - Immostat a publié ses statistiques du T3 2019 sur l’immobilier de bureaux en Ile de France qui reflètent une poursuite de la dynamique locative observée jusqu’à maintenant : L’offre immédiatement disponible se rarifie davantage avec seulement 2,8 Mm2 au T3 2019 (-2.3% qoq & -5.7% yoy). La baisse des surfaces reste particulièrement forte dans Paris Centre Ouest (-7.5% qoq) ainsi que la 1ère couronne hors croissant ouest (...

Florent Laroche-Joubert

Societe Fonciere Lyonnaise : Positive momentum that is set to continue in H2 2019

>H1 2019 trend should continue in H2 2019 - With a portfolio that is 77% made up of office real estate, 83% of which located in the Paris CBD, Société Foncière Lyonnaise (SFL) stands apart from other real estate investment companies due to the very high quality of its assets in terms of both their location and the quality of their layout. In this context, SFL should benefit fully from the growing scarcity of office space in Paris CBD (vacancy rate of 1.7% in the Paris...

Societe Fonciere Lyonnaise: 1 director sold

A director at Societe Fonciere Lyonnaise sold 306 shares at 73.400EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names...

Alain William ...
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 10/15/2019

...

Alain William ...
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 15/10/2019

...

Florent Laroche-Joubert ...
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/08/2019

Since it was launched on 8 January 2019, our ODDO BHF Convictions large caps list shows an absolute performance (dividends reinvested) of +14.6% and 1% in relative terms (vs iShares ETF Stoxx 600). The recent performance was undermined by the poor run from Carrefour. This does not reflect a deterioration in the group’s fundamentals but rather fears of an offer for Casino at too high a price. This saga, which is set to last, “caps” Carrefour’s share price. For this reason, we are remov...

Florent Laroche-Joubert ...
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/10/2019

Depuis son lancement le 8 janvier dernier, notre liste ODDO BHF Convictions large caps affiche une performance absolue (dividendes réinvestis) de +14,6% et de +1% en relatif (vs iShares ETF Stoxx 600). La performance récente a pâti de la contre-performance de Carrefour. Cette dernière ne reflète pas une dégradation des fondamentaux du distributeur mais plutôt la crainte d’une offre sur Casino à un prix trop élevé. Ce feuilleton, appelé à durer, « cape » le cours de Carrefour. Pour cet...

Alain William ...
  • Alexandre Iatrides
  • Aurelien Sivignon
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Louis Boujard, CFA
  • Nicolas Thorez
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 08/01/2019

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Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Klepierre SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Klepierre SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Klepierre SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlight...

Jehanne Leroy

Proxy Report - 20/04/2018

Concernant les rémunérations 2017 et 2018, on relève toujours le même problème chez SFL : la rémunération du Présidant du Conseil comprend une part variable de long-terme. Le président n’ayant pas de responsabilité exécutive, il n’est pas pertinent de lier sa rémunération aux performances de la société. Par ailleurs, on regrettera le manque de transparence de société sur les modalités d’acquisition de cette rémunération long-terme. Enfin, la société propose le renouvellement de plusieurs administrateurs, dont les 2 représentants de QIA. Conformément à sa politique de vote, Proxinvest ne peut ...

Matthieu DRIOL

Short term view - FONCIERE LYONNAISE : Prices are still making progress

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €67.60. Breaking below the support at €53.81 would invalidate the trend.

Matthieu DRIOL

Analyse court terme - FONCIERE LYONNAISE : Les cours progressent encore.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 67,60 €. La rupture du support à 53,81 € invaliderait cette tendance.

Matthieu DRIOL

Short term view - FONCIERE LYONNAISE : The movement can go on.

The background trend is clearly bullish. The MACD is positive, it confirms that trend. The movement can go on. The following targets are at €67.60 and €71.29. The trend would be invalidated below the support at €53.81.

Matthieu DRIOL

Analyse court terme - FONCIERE LYONNAISE : Le mouvement peut se poursuivre.

La tendance de fond est clairement orientée à la hausse. Le MACD est positif, il confirme cette tendance. Le mouvement peut se poursuivre. Les objectifs suivants sont à 67,60 € et 71,29 €. La tendance serait invalidée sous le support à 53,81 €.

Matthieu DRIOL

Analyse moyen terme - FONCIERE LYONNAISE : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 71,30 € et 74,61 €. La tendance serait invalidée sous le support à 51,34 €.

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