on ICADE (EPA:ICAD)
Icade Reports Q1 2025 Financial Performance
On April 16, 2025, Icade reported a 1.2% increase in consolidated revenue, reaching €326 million for Q1 2025. Key drivers included stable gross rental income and growth in property development despite economic uncertainties. Rental income slightly increased by 0.2%, supported by robust leasing activity, especially in the Pulse building with 29,000 sq.m leased to the Seine-Saint-Denis Council.
Economic revenue from property development showed a decrease of 2.2%, attributed to a significant drop in the commercial segment. However, residential orders rose by 16% in volume and 22% in value. Liquidity remained strong, with €2.3 billion, bolstered by new credit lines of €190 million.
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