Business Immo, the real estate website

Siic

Listed 26/07/2023

Carmila: recurring earnings per share up 2.6% in H1 2023

Following the signing of an agreement to acquire Galimmo (see our article), Carmila has just published its financial results for the first half of (...)

Retail 19/07/2023

The sale of O'Parinor is looming, with Klépierre in pole position

As revealed by Business Immo on 10 July, O'Parinor, the shopping centre in Aulnay-sous-Bois owned by Hammerson and NPS, has been put up for (...)

Finance 11/05/2023

Klépierre reports 3.3% revenue growth in Q1 2023

During the Q1 2023, Paris-based shopping centre-focused REIT/SIIC Klépierre signed 304 leases, including 230 renewals and relets with a positive reversion of 5.2%, the (...)

Office 20/04/2023

Covivio completes sale of three French office buildings for €131m

Paris-based REIT/SIIC Covivio has completed the disposal of three office buildings for a total of €131m.These latest disposals concern three buildings with over 27,000 sqm of office (...)

Health / Senior 14/03/2023

Icade sells its healthcare property to Primonial REIM

French REIT/SIIC Icade has signed of an exclusivitý agreement with Primonial REIM covering the liquidity of Icade's stake in Icade Santé, its healthcare property investment (...)

Listed 28/02/2023

"2023 will be distinguished by a shock to asset values, a real estate shock"

Business Immo: What is your initial assessment of the SIICs’ 2022 annual results? Stéphanie Dossmann: In France, many REIT/SIICs are exposed to retail. They were (...)

Listed 16/02/2023

Klépierre exceeds its 2022 targets

For the 2022 financial year, Klépierre, the pan-European shopping centre focused REIT/SIIC, has posted results that are "well above its targets". As proof, its net (...)

Listed 09/02/2023

Unibail-Rodamco-Westfield has returned to pre-Covid performance levels in 2022

"Unibail-Rodamco-Westfield has delivered excellent financial results in 2022, confirming the end of the Covid effect on our activities," Jean-Marie Tritant said this morning. After (...)

Listed 12/01/2023

SIICs' financial and extra-financial communication under the microscope (KPMG/FEI)

KPMG and investor association Fédération des entreprises immobilières (FEI) have just published their latest study on the financial communication of SIICs, France's listed REITs. (...)

Listed 18/05/2021

Unibail-Rodamco-Westfield announces €1.25bn bond placement

Paris-based global REIT/SIIC Unibail-Rodamco-Westfield has successfully priced a €1.25bn two-tranche senior bond offering, aiming to strenghten its liquidity position and extending the group’s debt maturity. The (...)

Listed 12/04/2021

Are SIICs inoculated against Covid-19? - iread

Stock market performance: glass half empty... Despite the vertiginous fall in share prices experienced by the entire stock market as soon as the health crisis (...)

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 05/08/2020

Good rental income and financial indicators for Segro

At 30 June 2020, IFRS net assets attributable to ordinary shareholders (on a diluted basis) were £8,539.8m (31 December 2019: £7,677.6m), equating to 716 (...)

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 02/04/2020

French REIT/SIIC Icade lowers its 2019 dividend

In response to the French government’s urging last week, French REIT/SIIC Icade’s Board of Directors decided to lower the 2019 dividend amount that will (...)

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 (...)