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Posted by
Two Blokes Tue at 12:00 PM -
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Icade's low valuation and high-dividend yield are justified by fundamental issues, particularly its focus on second-tier office locations in Paris, unlike its peer Gecina. Icade's gross asset value declined by 6.4% YoY, and its high vacancy rate of 15.3% highlights weak demand for its properties. Despite a solid balance sheet, Icade's dividend is likely to be cut significantly due to lower proceeds from healthcare asset sales.
