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Icade SA (ICAD.PA)

ICAD.PA on Paris Stock Exchange

79.85EUR
19 Jul 2019
Change (% chg)

€0.10 (+0.13%)
Prev Close
€79.75
Open
€79.85
Day's High
€80.15
Day's Low
€79.80
Volume
1,950
Avg. Vol
87,042
52-wk High
€85.60
52-wk Low
€63.65

Latest Key Developments (Source: Significant Developments)

Icade Promotion Rhone-Alpes Signs Partnership With H7
Wednesday, 10 Jul 2019 

July 10 (Reuters) - ICADE SA ::ICADE PROMOTION RHONE-ALPES SIGNS PARTNERSHIP WITH H7.PARTNERSHIP AIMS AT SUPPORTING LOCAL INNOVATION ECOSYSTEM OF THE LYON METROPOLITAN AREA.  Full Article

Icade Signed Preliminary Agreement To Sell Crystal Park Building
Thursday, 6 Jun 2019 

June 6 (Reuters) - ICADE SA ::PRELIMINARY AGREEMENT TO SELL CRYSTAL PARK BUILDING FOR EUR 691 MILLION.THIS SALE TOTALS €691 MILLION EXCLUDING DUTIES AND THE FINAL DEED OF SALE IS EXPECTED TO BE SIGNED BY THE END OF JULY.PROCEEDS FROM THESE SALES WILL BE REINVESTED IN OFFICE PROPERTY INVESTMENT DIVISION’S DEVELOPMENT PROJECTS AND ICADE SANTÉ’S FURTHER EXPANSION BOTH IN FRANCE AND ABROAD.  Full Article

Icade Announces "Castel Office" Building Now 100% Leased
Wednesday, 29 May 2019 

May 29 (Reuters) - ICADE SA ::ICADE ANNOUNCES "CASTEL OFFICE" BUILDING IN MARSEILLE NOW 100% LEASED.ICADE SIGNED A 12-YEAR LEASE WITH NO BREAK OPTION WITH SOLIMUT MUTUELLE DE FRANCE.12-YEAR LEASE WITH NO BREAK OPTION FOR 4,547 SQ.M IN “CASTEL OFFICE” OFFICE BUILDING.AS OF DECEMBER 31, 2018, THE DEVELOPMENT PIPELINE TOTALLED €2.5 BILLION IN PROJECTED INVESTMENTS.VALUE CREATION IS EXPECTED TO REPRESENT €0.7 BILLION, OF WHICH 60% REMAINS TO BE CAPTURED IN THE NAV.BOTH LEASES WILL START ON JULY 1, 2019.  Full Article

Icade Appoints Xavier Cheval As CEO Of Icade Santé
Monday, 29 Apr 2019 

April 29 (Reuters) - ICADE SA ::XAVIER CHEVAL HAS BEEN APPOINTED CEO OF ICADE SANTÉ EFFECTIVE APRIL 25, 2019.  Full Article

Icade Q1 Consolidated Revenue Shrinks to 302.1 Million Euros
Thursday, 25 Apr 2019 

April 25 (Reuters) - ICADE SA ::Q1 CONSOLIDATED REVENUE EUR 302.1 MILLION VERSUS EUR 362.1 MILLION YEAR AGO.2019 GUIDANCE CONFIRMED.  Full Article

Icade Sells For 434 Million Euros Of Assets
Monday, 3 Dec 2018 

Dec 3 (Reuters) - ICADE SA ::ICADE SELLS THE PARIS NORD 2 AND COLOMBES BUSINESS PARKS AND THE AXE SEINE BUILDING.SALE REPRESENTS A TOTAL OF €434 MILLION EXCLUDING DUTIES (ABOVE THE €425 MILLION EXCLUDING DUTIES INITIALLY ANNOUNCED, DUE TO THE PAYMENT OF A CONTINGENT CONSIDERATION RELATING TO THREE NEW LEASES SIGNED IN THE AXE SEINE)..THIS TRANSACTION WILL HAVE A POSITIVE IMPACT ON ICADE’S NAV PER SHARE..PROCEEDS FROM THIS DISPOSAL WILL HELP FUND THE DEVELOPMENT PIPELINE OF THE OFFICE PROPERTY INVESTMENT DIVISION AND IMPROVE THE LTV RATIO..  Full Article

Icade H1 Group Net Current Cash Flow Up At 167.4 Million Euros
Monday, 23 Jul 2018 

July 23 (Reuters) - Icade SA ::FY 2018 GUIDANCE RAISED: NCCF (€ PER SHARE) EXPECTED TO GROW BY OVER 7%.NEW 2019-2022 PLAN: FOCUS ON DEVELOPMENT AND GROWTH.H1 RESULTS ON THE RISE, DRIVEN BY ALL THREE BUSINESS LINES.2018 GROUP NET CURRENT CASH FLOW (€ PER SHARE) HAS BEEN REVISED UPWARD: IT IS NOW EXPECTED TO “GROW BY MORE THAN 6% COMPARED TO 2017.H1 EPRA TRIPLE NET ASSET VALUE PER SHARE AT €86.6, +2.1% VERSUS. DECEMBER 2017, +10.2% YOY.MAINTAINS ITS VALUE-CREATING BUSINESS MODEL FOR THE PERIOD 2019-2022 AND ANNOUNCES ITS NEW MEDIUM-TERM PLAN..PORTFOLIO VALUE AT END H1 : €11.4 BILLION , I.E. +5.3% VERSUS. DECEMBER 2017.H1 GROUP NCCF: €167.4 MILLION, €2.26 PER SHARE, I.E. +6,6%.H1 NET PROFIT ATTRIBUTABLE TO THE GROUP TOTALLED €27.1 MILLION.THE 2019–2022 PLAN INCLUDES THE FOLLOWING FINANCIAL OBJECTIVES: - LTV RATIO AT AROUND 40% AND OVER 90% OF DEBT HEDGED AGAINST INTEREST RATE RISK.THE 2019–2022 PLAN INCLUDES THE FOLLOWING FINANCIAL OBJECTIVES: DIVIDEND POLICY UNCHANGED.FOR 2019–2022 PLAN: TARGET CAGR FOR GROUP NCCF OF AROUND 4.5% OVER THE COURSE OF THE PLAN.  Full Article

ANF Immobilier To Request Suspension Of Trading On 28 June 2018
Monday, 25 Jun 2018 

June 25 (Reuters) - ANF IMMOBILIER SA ::PLANNED MERGER BY ABSORPTION OF ANF IMMOBILIER BY ICADE.SHALL REQUEST SUSPENSION OF TRADING ON EURONEXT PARIS ON 28 JUNE 2018 AFTER CLOSE OF STOCK MARKET.IF PLANNED MERGER IS ALSO APPROVED BY COMBINED GENERAL MEETING OF SHAREHOLDERS OF ICADE SUSPENSION WILL BE MAINTAINED UNTIL 4 JULY 2018.  Full Article

Icade: Icade Sante Buys 14 Nursing Homes; Icade Promotion Sells Office Building
Friday, 30 Mar 2018 

March 30 (Reuters) - ICADE SA ::ANNOUNCED ON THURSDAY ACQUISITION OF 14 NURSING HOMES BY ICADE SANTÉ FOR EUR 189 MLN FROM RESIDALYA NETWORK, SUBSIDIARY OF ACKERMANS & VAN HAAREN GROUP.NURSING HOMES ACQUISITION EXPECTED TO BE COMPLETED IN JULY 2018.OFF-PLAN SALE OF AN OFFICE BUILDING BY ICADE PROMOTION, 18,000 SQ.M FOR EUR 95 MLN TO SCPI ELYSÉES PIERRE, MANAGED BY HSBC REIM.  Full Article

Icade Announces Construction Project In Versailles
Friday, 23 Mar 2018 

March 23 (Reuters) - Icade ::THE CITY OF VERSAILLES AND CO UNVEIL NEW NEIGHBORHOOD CONSTRUCTION PROJECT TO BE BUILT BY CO IN VERSAILLES, FROM 2019 UNTIL 2026.  Full Article