Icade S.A.

Icade S.A.

CDMGF
Icade S.A.US flagOther OTC
22.75
USD
- -
- -
1.73BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Revenue per Share
23.96
23.32
19.53
20.24
21.92
23.93
20.6
19.48
22.14
20.72
20.16
19.16
17.7
Basic EPS, GAAP
2.09
2.06
-2.82
0.79
2.24
2.09
4.06
1.08
5.33
0.71
-16.5
-3.64
-1.62
Free Cash Flow per Basic Share
2.8
-2.7
-4.38
-8.41
-4.61
-2.28
-5.64
1.62
-6.63
-3.09
0.05
2.19
-0.07
Dividend per Share
3.1
3.68
3.73
3.73
4
4.29
4.6
4.01
2.61
4.2
4.33
4.84
4.31
Book Value per Share
3.94
3.59
-1.28
2.32
3.77
3.63
5.6
2.61
6.88
2.25
-14.97
-2.11
-0.09
Tangible Book Value per Share
74.13
60.48
57.2
54.88
55.11
52.42
112.43
109.4
114.28
113.64
66.47
57.13
51
Basic Weighted Avg Shares
61
74
74
74
74
74
74
74
75
76
76
76
76
Sales/Revenue/Turnover
1,457
1,718
1,440
1,493
1,620
1,772
1,523
1,440
1,661
1,568
1,528
1,452
1,342
Operating Margin (%)
15.9
14.32
15.26
13.24
12.12
11.84
16.38
38.55
36.43
18.57
16.86
14.62
20.6
Depreciation Expense
265
287
611
290
288
339
319
31
41
34
118
107
-34
Net Income, GAAP
127
152
-208
58
166
155
300
80
400
54
-1,250
-276
-123
Effective Tax Rate (%)
21.19
15.79
- -
23.84
- -
14.27
2.36
2.75
1.3
- -
- -
- -
- -
Profit Margin (%)
8.71
8.82
-14.42
3.89
10.22
8.74
19.71
5.52
24.09
3.45
-81.85
-19.01
-9.17
Working Capital
100
235
-60
-110
-335
-175
277
-81
-215
316
2,772
1,821
382
LT Debt
3,360
3,672
3,772
4,131
4,907
5,238
6,194
6,402
6,547
6,870
4,568
3,870
3,312
Total Equity
4,580
4,530
4,268
4,100
4,127
3,937
8,376
8,156
8,639
8,684
5,068
4,364
3,901
Return on Invested Capital (%)
2.34
2.28
- -
1.66
- -
1.74
1.9
3.45
3.68
- -
- -
- -
- -
Return on Capital (%)
4.81
4.97
- -
2.14
- -
3.01
4.53
0.93
2.74
- -
- -
- -
- -
Return on Common Equity (%)
68.52
60.13
- -
- -
73.64
56.64
88
26.2
112.8
15.76
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.26%
-11.94%
-10.6%
Free Cash Flow
375.75%
748.55%
-103.07%
Net Income, GAAP
-215.64%
-445.53%
-55.42%
Sales/Revenue/Turnover
-0.33%
-1.08%
-7.58%
Total Cash Common Dividend
4.14%
6.46%
-10.91%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1,528
2024
- -
- -
- -
- -
1,452
2025
- -
- -
- -
- -
1,342

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
-16.5
2024
- -
- -
- -
- -
-3.64
2025
- -
- -
- -
- -
-1.62

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
4.33
2024
- -
- -
- -
- -
4.84
2025
- -
- -
- -
- -
4.31

Company Description

APIChat
CEO
Nicolas Joly
Full Time Employees
969
Sector
Real Estate
Industry
REIT - Diversified
Address
Open Building Issy-les-Moulineaux France 92130
IPO Date
Sep 12, 2011
Website
icade.fr
Business
Icade SA (Ticker: CDMGF) is a French real estate investment and development company that invests in, develops, and manages commercial properties including offices, business parks, healthcare facilities, shopping centers, warehouses, light industrial spaces, and public sector buildings; it also develops residential housing, commercial properties, and urban regeneration projects. Founded in 1954 as the Société centrale immobilière de la Caisse des Dépôts and headquartered in Issy-les-Moulineaux near Paris, the company operates primarily in France with a strategic focus on the Paris region (including Greater Paris, La Défense, and Ile-de-France) and other major cities through 23 regional offices, serving institutional tenants, public authorities, social landlords, and private clients. Listed as a SIIC on Euronext Paris, Icade maintains a portfolio valued at €6.2 billion (as of June 30, 2025, 100% plus group share of joint ventures) and generates revenue from rental income, property sales, and development services, with key segments in property investment (offices at 88.8% occupancy for well-positioned assets, light industrial at 90.4%) and property development (2024 economic revenue of €1.2 billion). Its main shareholders include the Caisse des Dépôts group and Crédit Agricole Assurances, with subsidiaries and investments such as Arkadea and ANF Immobilier SA. Recent strategic changes include ongoing divestments of non-core assets totaling c. €430 million in disposals completed or under preliminary agreement through September 2025 (reducing healthcare exposure by c. €210 million via sales of Italian portfolio stakes for €173 million to BNPP REIM and Praemia Healthcare reductions totaling €36 million, plus €220 million in mature mixed-use assets like B&B hotels and the Mauvin business park); a July 2025 partnership with Nomad Campus for student housing development and operations; a February 2025 asset swap with Predica acquiring full ownership of a Lyon office property; strengthened liquidity at €2.6 billion via €290 million in revolving credit facilities, a €500 million green bond issuance, and €100 million in green mortgages; and improved ESG rankings (GRESB 92/100, Sustainalytics 9th among peers) alongside commitment to the Climate Change Adaptation Charter.

Company News

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