Q3 2024 Icade SA Earnings Call Transcript

Oct 21, 2024 / 08:00AM GMT
Operator

Hello and welcome to the Icade results as of September 30, 2024. My name is Caroline, and I'll be your coordinator for today's event. Please note this call is being recorded. (Operator Instructions)

I will now hand over the call to your host, Nicolas Joly, the CEO, to begin today's conference. Thank you.

Nicolas Joly - Icade SA - Chief Executive Officer, Member of the Executive Committee

Good morning, Nicolas Joly speaking. Thank you all for being here today on this call. I am with our CFO, Christelle de Robillard. This morning, we are pleased to present Icade's results as of September 30, 2024. This presentation will be, of course, followed by the usual Q&A session.

So let's start with slide 5 for an overview of the main messages for the third quarter of the year. The investment division reported a solid rental activity with almost 51,000 square meters signed or renewed during the quarter. Property rental income continued to grow, rising by 3.6% like-for-like, driven by indexation. Property development indicators showed a slight

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