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REIT

Listed 23/10/2020

Klépierre’s gross rental income down 7.1 % after Q3

Over the first nine months of 2020, Klépierre’s gross rental income generated by shopping centers amounted to €852.9m on a total share basis, down (...)

Listed 22/10/2020

Gecina raises its objectives for 2020

Observing in its Q3 2020 results an "improvement in the group's visibility in the context of a disrupted year 2020" as well as a (...)

Listed 24/09/2020

Frey's operating profit from ordinary activities increased by 55% in 1H 2020

Frey's operating profit from ordinary activities increased by 55% in H1 2020 to €16m at 30 June, compared with €10.1m a year earlier, a (...)

Listed 06/08/2020

Altarea records an increase in its net income, notably thanks to the housing sector

In the first half of 2020, Altarea has announced an 8.1% increase in sales to €1.4bn. Altarea has been able to contain the immediate (...)

Listed 30/07/2020

Unibail-Rodamco-Westfield AREPS down 28% in H1 2020

Unibail-Rodamco-Westfield's adjusted recurring earnings per share (AREPS) for the first half of 2020 was €4.65, down 28% from 1H 2019. According to the listed (...)

Listed 30/07/2020

Impacted by Covid-19, Carmila puts pipeline on hold

In the first half of 2020, a state of emergency and lockdown measures were implemented in the three countries (France, Spain and Italy) in which (...)

Finance 29/07/2020

Frey buys AG Real Estate's stake in the Frey Retail Fund 2

Paris-based retail REIT/SIIC Frey, specialised in open-air shopping centres, has announced the acquisition of AG Real Estate's stake in the Frey Retail Fund 2 (...)

Listed 24/07/2020

Gecina anticipates 2020 results close to its initial guidance

While some listed real estate companies were heavily impacted by the Covid-19 epidemic, Paris-based REIT/SIIC Gecina was able to limit the damage in H1 (...)

Listed 22/07/2020

Covivio’s offices and residential performances hold up in H1 2020, but hotels suffer from the crisis

Paris-based REIT/SIIC Covivio reported rental income of €302m for H1 2020 (vs €439m in H1 2019), up 1.9% on a like for like basis (...)

Listed 21/07/2020

Icade expects Covid-19 impact on NCCF to range between €45m and €55m

French REIT/SIIC Icade’s net profit attributable to the group totaled €5m for H1 2020, s significant drop from the €47m recorded in H1 2019. (...)

Listed 21/07/2020

Wereldhave's EPRA EPS down 33% in H1 2020

Dutch REIT Wereldhave reported earnings per share (EPRA EPS) of €0.97 for H1 2020, a 33% decline compared to the same period last year (...)

Finance 17/07/2020

“The main goal of our new REOC business is to build companies and provide them additional capital”

Business Immo: Principal Real Estate has recently announced the relaunch of its real estate operating company (REOC) strategy. What does this project entail? Todd Everett: (...)

Listed 05/05/2020

French REIT Inea maintain its dividend at €2.5 per share

French REIT Inea's revenues for Q1 2020 totalled €11.3m, up 7.4 % — €10.6m in Q1 2019. This growth is explained for 5.3 % by the entry into (...)

Finance 11/12/2019

France's iread adds datasiic.com REIT/SIICs tracker website

Live from Simi (Paris) - French real estate data provider iread, a sister company of Business Immo, has acquired the datasiic.com website, a tracking service (...)

Listed 05/06/2019

French executive Ehrmann to join Altarea Cogedim after leaving Carmila

Jacques Ehrmann, one of France's top real estate executives who is stepping down as head of the listed Carmila retail group this month, is to join REIT/SIIC Altarea Cogedim as (...)

Health / Senior 12/04/2019

Icade Santé pays €191m for 12 healthcare assets in France

Icade Santé, the healthcare unit of the French REIT/SIIC Icade group, is investing €191m to acquire 12 medium- and long-term care assets in France. The (...)

Finance 11/04/2019

French state's CdC posts 2018 earnings largely unchanged at €3.3bn

After a year marked by introduction of a new strategic plan, French state financial institution CdC reported aggregated earnings for last year of €3.3bn, (...)

Listed 05/04/2019

Dubai's Equitativa eyes first Italian fund, targeting €200m, REIT status

The Dubai-based Equitativa group, which runs a commercial and a residential REIT in the UAE, is planning its first fund in Italy targeting €200m and (...)

Listed 01/04/2019

Belgian housing/mixed-use REIT Immobel posts five-fold net surge to €57m

Belgium-based housing and mixed use REIT Immobel reported a five-fold net profit surge to €56.8m in 2018 and said that, based on the pipeline, it expects (...)

Listed 18/03/2019

France's Tour Eiffel AUM rises to €1.7bn post-Affine; reports €15m loss

France's Société de la Tour Eiffel boosted assets to €1.72bn from €1.17bn after absorbing peer Affine last year, but reported an unconsolidated 2018 net (...)