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Icade SA (ICAD.PA)

ICAD.PA on Paris Stock Exchange

75.05EUR
23 Apr 2019
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Latest Key Developments (Source: Significant Developments)

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

Icade And Rei Habitat Sign Partnership Agreement For Wood-Based Construction Projects
Wednesday, 14 Mar 2018 

March 14 (Reuters) - ICADE SA ::‍ICADE PROMOTION AND REI HABITAT SIGNED A CO-DEVELOPMENT PARTNERSHIP AGREEMENT FOR WOOD-BASED CONSTRUCTION PROJECTS.PROJECTS TO BE CARRIED OVER NEXT FEW YEARS IN PARIS REGION AND MAJOR FRENCH CITIES​.PROJECTS AIM AT ‍COMPLETING 200,000 SQ.M OF MIXED WOOD AND CONCRETE BUILDINGS IN FRANCE IN NEXT FEW YEARS​.  Full Article

Icade Has Repurchased 200 Million Euros under Bond Tender Offer‍​
Monday, 26 Feb 2018 

Feb 26 (Reuters) - ICADE SA ::COMPLETES BOND TENDER OFFER ‍​.OF €371 MILLION TENDERED INTO OFFER, ICADE HAS REPURCHASED €200 MILLION.AFTER TENDER OFFER, OUTSTANDING PRINCIPAL AMOUNTS OF BONDS IS €211,300,000 FOR THE ONE MATURING IN 2019‍​.AFTER TENDER OFFER, OUTSTANDING PRINCIPAL AMOUNTS OF BONDS IS €304,600,000 FOR THE ONE MATURING IN 2021.AFTER TENDER OFFER, OUTSTANDING PRINCIPAL AMOUNTS OF BONDS IS €483,900,000 FOR THE ONE MATURING IN 2022.J.P. MORGAN SECURITIES PLC AND NATIXIS ACTED AS BOOKRUNNERS.  Full Article

Icade Completes A New 600 Million Euros Bond Issue With 10 Years Maturity
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - ICADE SA ::COMPLETES A NEW €600M BOND ISSUE WITH 10 YEARS MATURITY.LAUNCHES AN OFFER TO PURCHASE THREE EXISTING BONDS.THIS BOND WILL CARRY AN ANNUAL COUPON OF 1.625%..FUNDS HAVE BEEN RAISED WITH A 65-BP SPREAD OVER THE REFERENCE RATE.  Full Article

Icade Approves Merger Of ANF Immobilier
Monday, 12 Feb 2018 

Feb 12 (Reuters) - ICADE SA ::ICADE: PLANNED MERGER BY ABSORPTION OF ANF IMMOBILIER <<>>‍​.ACCORDING TO THE INDICATIVE MERGER RATIO RANGE, ANF IMMOBILIER SHAREHOLDERS WOULD RECEIVE BETWEEN 0,25 AND 0,30 ICADE SHARE FOR 1 ANF IMMOBILIER SHARE.  Full Article

Icade FY Net Profit Group Share up to 170.3‍​ Million Euros
Monday, 12 Feb 2018 

Feb 12 (Reuters) - ICADE SA ::FY NET PROFIT GROUP SHARE EUR 170.3‍​ MILLION VERSUS EUR 58.0 MILLION YEAR AGO.TO PROPOSE DIVIDEND PER SHARE OF EUR 4.30.EPRA TRIPLE NET ASSET VALUE PER SHARE AT END-DEC AT EUR 84.8‍​ MILLION VERSUS EUR 78.7 MILLION YEAR AGO.FY EPRA EARNINGS FROM PROPERTY INVESTMENT EUR ‍​319.1 MILLION VERSUS EUR 296.8 MILLION YEAR AGO.2018 OUTLOOK: GROWTH IN GROUP NET CURRENT CASH FLOW PER SHARE OF ABOUT +5%.FY TOTAL EBITDA EUR 534.9 MILLION VERSUS EUR 521.1 MILLION YEAR AGO.PORFOLIO VALUE AT END FY EUR 10.8 BILLION, UP 11.1 PERCENT YOY.  Full Article

French and Benelux stocks-Factors to watch on April 12

April 11 Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.