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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Altarea Cogedim    ALTA   FR0000033219

ALTAREA COGEDIM

(ALTA)
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Altarea Cogedim : Baluchon and Crédit Coopératif are creating "SoCo", retail social solidarity reit company (...)

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12/12/2018 | 10:10am EDT
Altarea Cogedim, the leading real estate developer in the country, as of today is launching 'SoCo', the first social solidarity retail REIT in France, alongside Baluchon, a group of social enterprises, and Crédit Coopératif, a leading bank among players in the social and solidarity economy (SSE), in attendance of Jean-Louis Missika, Deputy Mayor of Paris in charge of urban planning, architecture, projects of 'Grand Paris', economic development and attractiveness. A project supported by Christophe Itier, High Commissioner dedicated to the social and solidarity economy and social innovation.

While construction of a town or city questions new economic models and usages, Altarea Cogedim, Baluchon and Crédit Coopératif are creating a new type of REIT, which will offer long-term support for businesses with a social and solidarity agenda at both the start-up and the operational stages.

Alain Taravella, Chairman and Founder of Altarea Cogedim stated, 'We are very proud to launch this first retail REIT of social solidarity. It's a project that responds perfectly to our mission to serve territories in support of more sustainable and inclusive towns and cities. The upswing in the social and solidarity economy (SSE) impels us to innovate and build in order to meet the needs and expectations of citizens. All the levers of innovation, including corporate and societal levers, must be employed to build ' social link ' in our gateway cities and assist in creating better living conditions in urban areas'.

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Altaréa SCA published this content on 12 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 December 2018 15:09:04 UTC

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Sales 2019 3 097 M
EBIT 2019 447 M
Net income 2019 284 M
Debt 2019 2 499 M
Yield 2019 11,3%
P/E ratio 2019 6,62x
P/E ratio 2020 5,75x
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Mean consensus OUTPERFORM
Number of Analysts 1
Average target price 210,00  €
Last Close Price 115,20  €
Spread / Highest target 82,3%
Spread / Average Target 82,3%
Spread / Lowest Target 82,3%
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Managers
NameTitle
Alain Taravella Chairman-Management Board
Jacques Dominique Ehrmann Chief Executive Officer
Christian de Gournay Chairman-Supervisory Board
Eric Dumas Chief Financial Officer
Nabil Akl Group Technical Director