Icade (XPAR:ICAD)

€ 27.56 -0.4 (-1.43%) Market Cap: 2.09 Bil Enterprise Value: 5.34 Bil PE Ratio: 0 PB Ratio: 0.41 GF Score: 65/100

Q3 2020 Icade SA Corporate Sales Call Transcript

Oct 22, 2020 / 08:30AM GMT

Release Date Price: €47.04 (+2.48%)

Transcript

Olivier Wigniolle

Icade SA - MD & CEO

Good morning, everyone. Olivier Wigniolle, CEO of Icade speaking. So thanks for joining this call, and I will present our Q3 results with Victoire Aubry, our CFO; and Anne-Sophie Lanaute, our Investor Relations, and the presentation will be followed by a Q&A session.

So if you go to Slide 4 of our presentation, I would like to highlight some key takeaways or key points of our figure at the end of September. Four different elements I would like to highlight.

So the first one is for the investment portfolio. You could notice that our gross rental income amounts at the end of September to EUR 506 million, which is an increase of 6.9% compared to the end of last year -- to the end of last September 2019. And the like-for-like growth of the gross rental income stands at 1.9%, which is under the current circumstance is quite satisfying in our view.

Second element that I would like to highlight is the level of rent collection, and we are now back to most of the level of pre-COVID situation, which with a 97% of collection for Q2 and 92%

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