Icade posted IFRS revenues up 12.3% to €322 million for the first three months of 2024, including property rental revenues of €93.7 million (+3.8%) and development sales of €223.3 million (+16.2%).

"Real estate markets remain under pressure. Property revenues are still supported at the beginning of the year by the positive effect of indexation, while development sales are benefiting from the business launched in 2023", explains Managing Director Nicolas Joly.

The real estate group, which confirms its financial targets for 2024, also announced that its AGM on April 19 approved its dividend for 2023 of 4.84 euros per share, up 11.8%, and paid entirely in cash.

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