Icade H1 net loss widens to EUR 155.9 million; revenue falls 4.7% to EUR 600.8 million

XLRE•2026-07-21

First-half results

Icade posted a first-half net loss attributable to shareholders of EUR 155.9 million, widening from a loss a year earlier.

Cash-flow net current fell 11.4% to EUR 136.6 million, or EUR 1.80 per share; strategic cash-flow net current slid 19.8% to EUR 87.6 million.

Guidance and transactions

Icade confirmed 2026 cash-flow net current guidance of EUR 2.90-EUR 3.10 per share; completed the EUR 402 million Marignan sale, and bought full ownership of Tour Eqho.

Balance sheet and liquidity

Loan-to-value (including duties) edged down 0.6 percentage point to 39%; liquidity stood at EUR 2.5 billion, supported by a EUR 150 million 2035 bond.

Rental income and portfolio value

Sources

Icade H1 net loss widens to EUR 155.9 million; revenue falls 4.7% to EUR 600.8 million

Docs

Icade H1 net loss widens to EUR 155.9 million; revenue falls 4.7% to EUR 600.8 million

First-half results

Guidance and transactions

Balance sheet and liquidity

Rental income and portfolio value

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Sources

Icade H1 net loss widens to EUR 155.9 million; revenue falls 4.7% to EUR 600.8 million

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