Icade: Q1 revenue up 12%

(CercleFinance.com) - Icade has posted Q1 2024 IFRS revenues that are up 12.
3% at E322m, including property rental revenues of E93.7m (+3.8%) and development sales of E223.3m (+16.2%).

Management said that real estate markets remain under pressure. Property revenues are still supported at the beginning of the year by the positive effect of indexation, while development sales are benefiting from the business launched in 2023.

The real estate group, which confirms its financial targets for 2024, also announced that its AGM on April 19 approved its dividend for 2023 of E4.84 per share, up 11.8%, and paid entirely in cash.


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