Icade is a property developer/real estate investment trust (REIT). Co. offers its clients and business partners a range of complementary products and expertise in the development, design, contracting, marketing, and administrative and technical management of their properties. Co.'s activities are segmented into three divisions: Property Investment, Property Development, and Services. Property Investment focuses especially energy, water, waste and carbon comprises significant properties; Property Development targets properties and operations whose service orders were launched during the year, and Services division manages office buildings and housing units on behalf of third parties.
  • TickerICAD
  • ISINFR0000035081
  • ExchangeEuronext Paris
  • SectorReal Estate Investment Trusts
  • CountryFrance

Analysts

1 director sold

A director at Icade sold 1,883 shares at 77.218EUR and the significance rating of the trade was 61/100. 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 of board members a...

ICADE sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of ICADE (FR), a company active in the Real Estate Investment Trusts industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date April 30, 2019, the closing price was EUR 76.20 and its potential was estimated at EUR 83.07.

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/26/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/04/2019

...

Florent Laroche-Joubert

Icade : Confirmation of 2019 guidance and increase of c.+4.5% in 2019 dividend

>Real estate: a dynamic quarter - Yesterday morning, Icade reported its Q1 2019 revenues. Its rental revenues came to € 156.7m, up 0.8% y-o-y at current scope. Revenue growth at constant scope came to 2.7% thanks in particular to positive indexation of around 2.0%. More specifically:Commercial property: the leasing business was strong with leases signed for a surface area of around 90,000 m2 in Q1 2019 (vs 265,000 m2 in 2018). The financial occupancy rate was nev...

Florent Laroche-Joubert

Icade : Confirmation of 2019 guidance and increase of c.+4.5% in 2019 dividend

>Real estate: a dynamic quarter - Yesterday morning, Icade reported its Q1 2019 revenues. Its rental revenues came to € 156.7m, up 0.8% y-o-y at current scope. Revenue growth at constant scope came to 2.7% thanks in particular to positive indexation of around 2.0%. More specifically:Commercial property: the leasing business was strong with leases signed for a surface area of around 90,000 m2 in Q1 2019 (vs 265,000 m2 in 2018). The financial occupancy rate was nev...

Florent Laroche-Joubert

Icade : Guidance 2019 confirmée avec notamment un dividende 2019 à c.+4,5%

>Foncières : un trimestre dynamique - Icade a publié hier matin son chiffre d’affaires (CA) trimestriel le T1 2019. Les revenus locatifs de la foncière se sont élevés à 156,7 M€, en hausse de 0,8% yoy à périmètre courant. La croissance des revenus à périmètre constant (pc) atteint 2,7% grâce en particulier à une indexation positive de l’ordre de 2,0%. Plus particulièrement :Foncière Tertiaire : l’activité locative y a été dynamique avec des baux signés pour une s...

Florent Laroche-Joubert

Icade : Acquisition of a portfolio of care assets in France for € 191m

>Acquisition of 12 medium- and long-term care assets for € 191m - Icade has announced that Icade Santé has acquired 12 medium- and long-term care assets (seven nursing homes, four post-acute care facilities and one psychiatric hospital) for € 191m, from an OPPCI managed by Swiss Life Asset Managers France.The 12 facilities, mainly located in Normandy and the Provence-Alpes-Côte d’Azur region, comprise recent assets leased by leading French operators (Korian, Rams...

Florent Laroche-Joubert

Icade : Acquisition d’un portefeuille d’actifs en santé en France pour 191 M€

>Acquisition de 12 actifs de santé moyens et longs séjours pour 191 M€ - Icade annonce l’acquisition par Icade Santé de 12 actifs de santé moyens et longs séjours (7 EHPAD, 4 cliniques SSR, et 1 clinique psychiatrique) pour une valeur de 191 M€, auprès d’un OPPCI géré par Swiss Life Asset Managers France.Les 12 établissements, situés majoritairement en Normandie et en région PACA, sont composés d’actifs récents loués par des exploitants français de premier plan (...

Florent Laroche-Joubert

ODDO : A resilient market in Q1 2019!

>A solid office market in the Ile-de-France region in Q1 2019 - The latest statistics published by Immostat show the office market remaining solid in the Ile-de-France (IDF) region in Q1 2019: Office take-up in line with its ten-year average: although down 23% y-o-y, take-up is still slightly above its ten-year average, lifted by the intermediate transactions segment (1 000 – 5 000 m2) (+17% by volume y-o-y) and after an exceptional Q1 2018. This trend results fr...

1 director sold

A director at Icade sold 1,883 shares at 77.218EUR and the significance rating of the trade was 61/100. 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 of board members a...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/26/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/04/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/12/2019

US Congress is currently discussing how best to continue securing, or even raising, funding for the country's infrastructure. Increasing the federal tax on fuel is one of the few options to receive cross-party support. This tax has not been hiked since 1993, but mindsets are changing with 39 states having already ramped up the local component of this levy in recent years. CRH and HeidelbergCement would be the main beneficiaries. - - ...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/04/2019

Des discussions au Congrès américain sont actuellement en cours en vue de boucler, voire même d’augmenter, le financement des infrastructures. L’idée d’une hausse de la taxe fédérale sur les carburants reste l’un des rares projets avec un soutien bipartisan. Cette taxe n’a pas été augmentée depuis 1993 mais les mentalités américaines évoluent : 39 Etats ont déjà augmenté la composante locale de cette taxe ces dernières années. CRH et HeidelbergCement seraient les grands gagnants. - - ...

Fatma Agnès Hamdani ...
  • Florent Laroche-Joubert
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/09/2019

...

ICADE sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of ICADE (FR), a company active in the Real Estate Investment Trusts industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date April 30, 2019, the closing price was EUR 76.20 and its potential was estimated at EUR 83.07.

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...

Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 10 and 11 January

Our annual Forum in Lyon brought together 263 companies, including 41% of foreign companies, nearly 545 investors (33% foreigners), almost 6,500 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies in attendance. - - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties, Icade, JCDecaux, Klépierre, Lanxess, MT...

Carole Braudeau

Accor : Feedback Crédit Forum des 10 et 11 janvier 2019

Notre Forum annuel Oddo BHF 2019 vient de se dérouler à Lyon : il a réuni 263 sociétés, dont 41% étrangères, près de 545 investisseurs (33% étrangers), soit près de 6 500 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties,...

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

Icade 24 Avril 2019

GouvernanceCrédit Agricole Assurances ("CAA") et la CDC semblent avoir réussi à trouver un compromis quant à leurs représentations respectives au conseil et à la composition de celui-ci. Il est ainsi proposé en résolution 9 de nommer Emmanuel Chabas (Crédit Agricole Assurances) comme 2e représentant de CAA au conseil, et Frédéric Thomas, Directeur Général de CAA sera le nouveau Président du Conseil, en remplacement d’André Martinez. Ainsi, avec 2 sièges au conseil et une détention de 18,4% du capital, CAA ne sera pas en surreprésentation. Cependant, la CDC détient 8 sièges au conseil (53% du c...

Icade - Assemblée générale des actionnaires du 24 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Icade – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report 29/06/2018

In 2017, Icade bought Eurazeo and Caisse d’Epargne CEPAC's stakes in ANF Immobilier then launched a simplified takeover offer. On February 12, 2018, both companies announced the merger of ANF Immobilier into Icade. This EGM aims to approve this merger. Parity ratio (3 Icade's shares for 11 ANF's shares) presents a slight discount compared to companies' share price; however it remains acceptable. Moreover, this merger seems to strategically benefit to Icade's shareholders and no significant negative impact on Icade's shareholding or governance has been identified.

Jehanne Leroy

Proxy Report 29/06/2018

En 2017, Icade a racheté les participations d'Eurazeo et Caisse d’Epargne CEPAC dans ANF Immobilier puis a lancé une Offre Publique d’Achat Simplifiée. Le 12 février 2018, les 2 sociétés ont annoncé leur projet de fusion-absorption d’ANF Immobilier par Icade avec une parité de 3 actions Icade pour 11 actions ANF Immobilier. La présente assemblée a pour but d'approuver cette fusion. La fusion-absoption d’ANF Immobilier par Icade semble totalement logique pour les actionnaires d’Icade. Elle permet de consolider son portefeuille de bureaux à un prix raisonnable puisque la prime de contrôle induit...

Valérie GASTALDY

Short term view - ICADE : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €72.27. The background trend would be questioned should prices rise above €77.20.

Valérie GASTALDY

Analyse court terme - ICADE : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 72,27 €. La tendance de fond serait remise en cause en cas de franchissement de 77,20 €.

Valérie GASTALDY

Analyse court terme - ICADE : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 72,27 €. La tendance de fond serait remise en cause en cas de franchissement de 77,20 €.

Valérie GASTALDY

Short term view - ICADE : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €72.27. The background trend would be questioned should prices rise above €77.20.

Valérie GASTALDY

Analyse moyen terme - ICADE : La correction gagne en vigueur.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 72,20 €.

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