Declared Dividend • Jun 08
Dividend of €1.92 announced Shareholders will receive a dividend of €1.92. Ex-date: 23rd June 2026 Payment date: 25th June 2026 Dividend yield will be 9.3%, which is higher than the industry average of 5.6%. Declared Dividend • May 25
Dividend of €1.92 announced Shareholders will receive a dividend of €1.92. Ex-date: 23rd June 2026 Payment date: 25th June 2026 Dividend yield will be 9.3%, which is higher than the industry average of 5.6%. Announcement • May 04
Icade, Annual General Meeting, Jun 10, 2026 Icade, Annual General Meeting, Jun 10, 2026. Location: immeuble coeur deense, tour b espace comet, 24eme etage, 100 esplanade du general de gaulle, paris la defense cedex France Announcement • Oct 23
Icade to Report Fiscal Year 2025 Results on Feb 17, 2026 Icade announced that they will report fiscal year 2025 results After-Market on Feb 17, 2026 Announcement • Apr 05
Icade, Annual General Meeting, May 13, 2025 Icade, Annual General Meeting, May 13, 2025. Location: immeuble coeur defense, tour b espace comet, 24eme etage 100 esplanade du general de gaulle, paris France Announcement • Oct 21
Icade to Report Fiscal Year 2024 Results on Feb 18, 2025 Icade announced that they will report fiscal year 2024 results After-Market on Feb 18, 2025 Declared Dividend • Apr 12
Final dividend of €2.42 announced Shareholders will receive a dividend of €2.42. Ex-date: 2nd July 2024 Payment date: 4th July 2024 Dividend yield will be 20%, which is higher than the industry average of 5.6%. Declared Dividend • Mar 18
Dividend of €2.42 announced Shareholders will receive a dividend of €2.42. Ex-date: 2nd July 2024 Payment date: 4th July 2024 Dividend yield will be 19%, which is higher than the industry average of 5.6%. Upcoming Dividend • Feb 27
Upcoming dividend of €2.42 per share Eligible shareholders must have bought the stock before 04 March 2024. Payment date: 06 March 2024. Trailing yield: 17%. Within top quartile of British dividend payers (6.3%). Higher than average of industry peers (6.5%). Announcement • Feb 19
Icade, Annual General Meeting, Apr 19, 2024 Icade, Annual General Meeting, Apr 19, 2024. Announcement • Nov 23
Icade to Report First Half, 2024 Results on Jul 22, 2024 Icade announced that they will report first half, 2024 results on Jul 22, 2024 Announcement • Oct 23
Icade to Report Fiscal Year 2023 Results on Feb 19, 2024 Icade announced that they will report fiscal year 2023 results Pre-Market on Feb 19, 2024 Announcement • Sep 18
Icade(ENXTPA:ICAD) dropped from FTSE All-World Index (USD) Icade(ENXTPA:ICAD) dropped from FTSE All-World Index (USD) Announcement • Jul 07
Primonial REIM and Société Générale Assurances completed the acquisition of 63% stake in Icade Santé SAS from Icade (ENXTPA:ICAD) and its Minority Shareholders. Primonial REIM and Société Générale Assurances entered into an exclusivity agreement to acquire 63% stake in Icade Santé SAS from Icade (ENXTPA:ICAD) and its Minority Shareholders for €1.4 billion on March 13, 2023. As of June 13, 2023, Primonial REIM and Société Générale Assurances entered into a definitive agreement to acquire 37.312% stake in Icade Santé SAS from Icade (ENXTPA:ICAD) and its Minority Shareholders. Under the terms of transaction, €1.1 billion in Icade Santé shares to be sold to funds managed by Primonial and €100 million in Icade Santé shares to be sold to Société Générale Assurances, increasing its stake in Icade Santé. In addition, €200 million in shares would be repurchased by Icade Santé from Icade followed by their cancellation. As part of this stage, Icade Santé has secured €550 million in bank financing from Société Générale and BNP Paribas to finance the €200 million in capital reduction, as well as the repayment of the €50 million shareholder loan from Icade and the refinancing of the €300million bridge-to-bond facility entered into in March 2022. Upon completion of this first stage, Icade would lose control of Icade Santé, resulting in the deconsolidation of the subsidiary in the Icade Group’s consolidated financial statements. In addition, Primonial REIM would take over the management of the portfolio from the closing date. Lazard-Natixis acted asfinancial advisor to Icade (ENXTPA:ICAD).
The Boards of Directors of Icade Santé and Icade were consulted in advance and, after examining the potential conflicts of interest, unanimously approved the transaction in accordance with the applicable provisions, in particular the rules governing regulated related party agreements. Transaction is subject to the signing of the final agreements once the process of informing and consulting Icade’s employee representative bodies has been completed and the regulatory conditions precedent have been met. These include confirmation by the French Financial Markets Authority (AMF) that the transaction will not give rise to a buyout offer with squeeze-out for Icade’s share capital, pursuant to Article 236-6 of the AMF’s general regulations. The first stage of the transaction, which should be completed before the end of July 2023. Icade’s remaining stake in Icade Santé is expected to be sold by the end of 2025, mainly to funds managed by Primonial REIM or to investors identified by Primonial REIM based on Icade Santé’s most recently published EPRA NTA on the sale date. The cash generated by this transaction will help Icade to fortify its balance sheet and seize potential growth opportunities. As of July 5, 2023. Icade Completes First Stage In Sale Of Icade Sante For €1.4 Billion.
The Legal advisor, White & Case team in Paris which advised Icade Santé on the transaction was led by partners Thomas Le Vert and Jean Paszkudzki and included partners Raphaël Richard, Brice Engel and Alexandre Jaurett. The White & Case team in Paris which advised the minority shareholders Predica, Sogecap and Cardif was led by partner Nathalie Nègre-Eveillard. Gauthier Blanluet, Nicolas de Boynes and Alexis Madec of Sullivan & Cromwell LLP acted as accountant advising Icade and Icade Santé on the tax aspects of the transaction. SG Corporate & Investment Banking acted as Financial advisor for Primonial REIM.
Primonial REIM and Société Générale Assurances completed the acquisition of 63% stake in Icade Santé SAS from Icade (ENXTPA:ICAD) and its Minority Shareholders for €1.4 billion on July 5, 2023. Upcoming Dividend • Jun 27
Upcoming dividend of €2.17 per share at 12% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 06 July 2023. Trailing yield: 12%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (5.7%). Announcement • Jun 06
Vauban Infrastructure Partners and Icade (ENXTPA:ICAD) agreed to acquire A2A Coriance SAS. Vauban Infrastructure Partners and Icade (ENXTPA:ICAD) agreed to acquire A2A Coriance SAS on June 5, 2023. Transaction is subject to approval of regulatory and competing authority. Elodie Cavazza and Fabien Charmasson of Jeausserand-Audouard acted as legal advisor to Coriance . Announcement • May 18
Oteis France Sas agreed to acquire AMO and EXPERTISE SANTE activity from Icade (ENXTPA:ICAD). Oteis France Sas agreed to acquire AMO and EXPERTISE SANTE activity from Icade (ENXTPA:ICAD) on May 17, 2023. The transaction will cover the entire AMO and EXPERTISE SANTE scope, with the exception of a few contracts in the West Indies, Guyana, Reunion and a medical contract. This sale should be effective on June 30, 2023. Xavier Norlain and Aymeric Robine of Shearman & Sterling LLP acted as advisor to OTEIS Group. Announcement • Jan 05
An undisclosed buyer acquired Michigan Garden Project from Icade SA (ENXTPA:ICAD) for €108 million. An undisclosed buyer acquired Michigan Garden Project from Icade SA (ENXTPA:ICAD) for €108 million on November 28, 2022. The Michigan Garden project is scheduled for completion in Q4 2024 and will generate €108 millon in revenue.
An undisclosed buyer completed the acquisition of Michigan Garden Project from Icade SA (ENXTPA:ICAD) on November 28, 2022. Announcement • Dec 14
Icade SA to Report Fiscal Year 2022 Results on Feb 20, 2023 Icade SA announced that they will report fiscal year 2022 results at 9:00 AM, Central European Standard Time on Feb 20, 2023 Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €36.42, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the REITs industry in the United Kingdom. Total loss to shareholders of 46% over the past three years. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: €5.33 (vs €1.03 in FY 2020) Full year 2021 results: EPS: €5.33 (up from €1.03 in FY 2020). Revenue: €1.66b (up 15% from FY 2020). Net income: €399.4m (up 424% from FY 2020). Profit margin: 24% (up from 5.3% in FY 2020). Over the next year, revenue is forecast to grow 10% while the reits industry in the United Kingdom is not expected to grow. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €5.32 (up from €0.28 in FY 2020). Revenue: €1.66b (up 15% from FY 2020). Net income: €399.4m (up €378.4m from FY 2020). Profit margin: 24% (up from 1.5% in FY 2020). Revenue exceeded analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 4.5% while thereits industry in the United Kingdom is not expected to grow. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 28
First half 2021 earnings released: EPS €2.52 (vs €0.07 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €830.0m (up 33% from 1H 2020). Net income: €187.5m (up €182.3m from 1H 2020). Profit margin: 23% (up from 0.8% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Upcoming Dividend • Apr 21
Upcoming dividend of €2.00 per share Eligible shareholders must have bought the stock before 28 April 2021. Payment date: 27 May 2021. Trailing yield: 6.1%. Within top quartile of British dividend payers (4.1%). Higher than average of industry peers (3.1%). Analyst Estimate Surprise Post Earnings • Feb 23
Revenue beats expectations Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 3.1% compared to a 4.9% decline forecast for the REITs industry in the United Kingdom. Announcement • Feb 22
Icade SA, Annual General Meeting, Apr 23, 2021 Icade SA, Annual General Meeting, Apr 23, 2021. Agenda: To approve a dividend. Is New 90 Day High Low • Feb 19
New 90-day low: €56.15 The company is down 11% from its price of €63.20 on 20 November 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €76.00 per share. Is New 90 Day High Low • Dec 04
New 90-day high: €67.95 The company is up 29% from its price of €52.55 on 04 September 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €82.53 per share. 
