Icade Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Nicolas Joly

Chief executive officer

€728.0k

Total compensation

CEO salary percentage	42.7%
CEO tenure	1.6yrs
CEO ownership	n/a
Management average tenure	1.8yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nicolas Joly's remuneration changed compared to Icade's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-€953m
Mar 31 2024	n/a	n/a	-€1b
Dec 31 2023	€728k	€311k	-€1b

Compensation vs Market: Nicolas's total compensation ($USD763.07K) is below average for companies of similar size in the UK market ($USD2.15M).

Compensation vs Earnings: Insufficient data to compare Nicolas's compensation with company performance.

CEO

Nicolas Joly (41 yo)

1.6yrs

Tenure

€727,972

Compensation

Mr. Nicolas Joly has been Chief Executive Officer of Icade since April 21, 2023. Mr. Joly served as Deputy Director-General at Mercialys and had been its Executive Vice-President since 2016. Mr. Joly joine...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nicolas Joly	Chief Executive Officer	1.6yrs	€727.97k	no data
Christelle De Robillard	Chief Financial Officer	less than a year	no data	no data
Sophie Duval	Head of Consolidation & Accounting	no data	no data	no data
Anne-Violette Faugeras	Director of Financing & Investor Relations	1.8yrs	no data	no data
Jérôme Lucchini	General Secretary and Head of Governance	9.1yrs	no data	no data
Emmanuelle Baboulin	Head of the Commercial Property Investment Division	9.2yrs	no data	no data
Xavier de La Sudrie	Head of Financial Control	no data	no data	no data
Johannah Mrejen	Head of Asset Management	no data	no data	no data
Guillaume Tessler	Head of International Development - Icade Santé	no data	no data	no data
Henri Chapouthier	Head of Sustainable Development	no data	no data	no data
Cathy Baglin	Head of Employee Affairs	no data	no data	no data
Benjamin Ficquet	Head of Property Management & Responsible Operations	no data	no data	no data

1.8yrs

Average Tenure

49yo

Average Age

Experienced Management: 0K4O's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Bernard Spitz	Director	4.1yrs	€33.25k	0% € 0
Gonzague de Pirey	Independent Director	5.6yrs	€28.00k	0.00011% € 1.9k
Frederic Thomas	Chairman of the Board	8.5yrs	€240.00k	0.000040% € 675.9
Olivier Mareuse	Director	13.5yrs	no data	0% € 0
Marianne Louradour	Director	5.1yrs	no data	0% € 0
Antoine Saintoyant	Director	4.1yrs	no data	0% € 0
Sophie Quatrehomme	Director	6.7yrs	no data	0% € 0
Florence Peronnau	Vice Chairman of the Board & Lead Independent Director	8.5yrs	€101.25k	0.000010% € 169.0
Alexandre Thorel	Director	2.7yrs	no data	no data
Olivier Lecomte	Independent Director	1.1yrs	no data	0.000010% € 169.0
Emmanuel Chabas	Director	5.6yrs	no data	0% € 0
Laurence Giraudon	Director	4.8yrs	no data	0% € 0

5.3yrs

Average Tenure

56.5yo

Average Age

Experienced Board: 0K4O's board of directors are considered experienced (5.3 years average tenure).

Icade Management

Management criteria checks 2/4

Key information

Recent management updates

Icade, Annual General Meeting, Apr 19, 2024

Recent updates

Icade to Report Fiscal Year 2024 Results on Feb 18, 2025

Now 21% undervalued

First half 2024 earnings released: €2.38 loss per share (vs €6.80 loss in 1H 2023)

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Dividend of €2.42 announced

Now 21% undervalued after recent price drop

Upcoming dividend of €2.42 per share

Final dividend increased to €2.42

Icade, Annual General Meeting, Apr 19, 2024

Icade to Report Q1, 2024 Results on Apr 22, 2024

Icade to Report First Half, 2024 Results on Jul 22, 2024

Icade to Report Fiscal Year 2023 Results on Feb 19, 2024

Icade(ENXTPA:ICAD) dropped from FTSE All-World Index (USD)

Now 20% undervalued after recent price drop

Primonial REIM and Société Générale Assurances completed the acquisition of 63% stake in Icade Santé SAS from Icade (ENXTPA:ICAD) and its Minority Shareholders.

Upcoming dividend of €2.17 per share at 12% yield

Vauban Infrastructure Partners and Icade (ENXTPA:ICAD) agreed to acquire A2A Coriance SAS.

Oteis France Sas agreed to acquire AMO and EXPERTISE SANTE activity from Icade (ENXTPA:ICAD).

An undisclosed buyer acquired Michigan Garden Project from Icade SA (ENXTPA:ICAD) for €108 million.

Icade SA (ENXTPA:ICAD) acquired Défense Parc complex in Nanterre Préfecture for €63 million.

Icade SA to Report Q1, 2023 Results on Apr 24, 2023

Icade SA to Report Fiscal Year 2022 Results on Feb 20, 2023

Investor sentiment deteriorated over the past week

Elysées Pierre signed a bilateral preliminary agreement to acquire 16,000-Sq.m AXE 13 Office Building in Nanterre from Icade (ENXTPA:ICAD).

Investor sentiment deteriorated over the past week

Upcoming dividend of €2.10 per share

Funds managed by Primonial REIM acquired Gambetta building in paris from Icade (ENXTPA:ICAD) for approximately €220 million.

Funds managed by Primonial REIM acquired Gambetta building in paris from Icade (ENXTPA:ICAD) for approximately €220 million.

Residences Le Logement Des Fonctionnaires SA signed a bilateral preliminary agreement to acquire Residual Residential Portfolio from Icade (ENXTPA:ICAD) for €49.9 million.

Icade (ENXTPA:ICAD) acquired 50.1% interest in M&A Group.

Full year 2021 earnings released: EPS: €5.33 (vs €1.03 in FY 2020)

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

An unknown buyer completed the acquisition of Office building in Boulogne-Billancourt from Icade SA (ENXTPA:ICAD).

First half 2021 earnings released: EPS €2.52 (vs €0.07 in 1H 2020)

Upcoming dividend of €2.00 per share

Revenue beats expectations

New 90-day low: €55.83

A pan-European fund dedicated to a German institutional investor managed by Aberdeen Standard Investments Limited acquired Two residential buildings in Rueil-Malmaison from Icade SA (ENXTPA:ICAD) for €14.6 million.

Icade SA (ENXTPA:ICAD) acquired Ad Vitam

Icade SA to Report Q1, 2021 Results on Apr 23, 2021

Icade SA (ENXTPA:ICAD) agreed to acquire Four Nursing Homes in France from Korian (ENXTPA:KORI) for €33.5 million.

New 90-day high: €67.93

New 90-day high: €64.00

Market bids up stock over the past week

New 90-day low: €48.18

New 90-day low - €53.65

OPPCI owned by South Korean Investors completed the acquisition of 49% stake in Eqho Tower from Icade (ENXTPA:ICAD).

Icade (ENXTPA:ICAD) completed the acquisition of Pointe Métro 1 in Gennevilliers from Fonciere NW 2 Sppicav managed by NORMANDIE REIM.

New 90-day low - €56.63

Icade SA (ENXTPA : ICAD) agreed to acquire Portfolio of 9 Healthcare Facilities in Germany & France from Orpea SA (ENXTPA : ORP) for €145 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age