Press release • 25 November 2019 07:20
2019–2022 Strategic Plan: implementation well underway, Net current cash flow guidance revised upward.
At its Investor Day to be held today, Icade will highlight its main achievements in 2019 and outlook up to 2022, following the 2019–2022 strategic plan’s first year of implementation. The net current cash flow guidance for FY 2019 has been raised.
€1.6bn of disposals in 2018–2019, including €1.1bn in 2019; sale price +12.6% above appraised value
Gains on 2019 disposals: €270m
A growing development pipeline reaching €2.3bn; €144m in potential additional rental income
Expected value creation: €0.7bn
Leadership position in France further strengthened: Nearly €430m invested in 2019 (50% long-term care, 50% short- and medium-term care)
International: Nearly €420m invested to date in nursing homes; Germany added to the portfolio(see dedicated press release published today)
Growth objective of €2.5bn by 2022 confirmed: €1bn in France and €1.5bn abroad
The Healthcare Property Investment Division is on track to become the European leader in healthcare real estate
A roadmap centred on growth: Revenue to pick up in 2021
Focus on the office and medical-social segments: target volume: 30% of total revenue by 2024
Substantial potential revenue to be generated in the medium term: nearly €7.4bn
Low carbon: Icade’s priority for 2019
Concrete achievements across our three business lines
Office Property Investment Division aligned with an ambitious pathway of “nearly 1.5°C”
Stable Group net current cash flow including the impact of 2019 disposals
(impact of 2019 disposals: approximately -4%)
2019 dividend policy confirmed at c. +4.5%
(payout ratio of 90% of NCCF and distribution of part of the gains on disposals)
You can access Icade's Investor Day webcast via this link: https://channel.royalcast.com/webcast/icadeen/20191125_1/
