Icade stock sits 32.69 percent below its 52-week high

Published on 10/06/2026 at 12:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Icade stock trades at EUR 15.32 on October 6, 2026, plus 1.46 percent versus EUR 15.10. Its 52-week high is EUR 22.76.

Icade FR0000035081 bildet Makroaufnahme einer strukturierten Glasfassade mit Aluminiumrahmen einer Büroimmobilie ab, Illustration mit AI erstellt.

Icade stock (ISIN FR0000035081) was trading at EUR 15.32 at Lang & Schwarz on October 6, 2026 at 12:20 p.m. CEST, 32.69 percent below its 52-week high of EUR 22.76. The latest company figures show why valuation and financing conditions remain central to the real estate group.

First-half revenue fell 4.70 percent

According to Ideal Investor on October 1, 2026, Icade reported EUR 600.8 million of revenue for the first half of 2026, down 4.70 percent from the comparable period. EBITDA was negative EUR 106.0 million, with an EBITDA margin of 17.40 percent, while net income was negative EUR 155.9 million.

The figures were published against a difficult property backdrop. Icade's finance page identifies the 2026 half-year results presentation as a July 22, 2026 document, while the first-half report maintained consolidated net cash flow guidance of EUR 2.90 to EUR 3.10 per share for 2026.

Guidance holds as debt costs rise

The same October 1 review said asset value fell 3.10 percent on a constant perimeter basis, including a 2.80 percent decline for offices. The report also put average debt cost at 1.85 percent and said the figure was expected to reach 2.00 percent by the end of 2026.

That combination creates a clear split in the investment case: operating cash flow guidance remains quantified, but weaker asset values and higher financing costs pressure the underlying property platform. Lease renewals also carried a potential negative reversion of 7.10 percent, according to Ideal Investor.

Target cuts sharpen the valuation debate

A market review published by Ideal Investor on October 2, 2026 reported a sell rating for Icade and a EUR 14.00 target versus EUR 19.00 previously. The target is below the Lang & Schwarz price, making the analyst view a direct counterweight to the maintained cash flow guidance.

Icade remains listed on Euronext Paris under ICAD and is included in the SBF 120. Its business combines property investment and development, with exposure concentrated in French real estate and office assets.

Price remains below yearly high

Icade was trading at EUR 15.32 at Lang & Schwarz on October 6, 2026 at 12:20 p.m. CEST, up EUR 0.22 or 1.46 percent versus the prior close of EUR 15.10 at Lang & Schwarz. The further course of trading is shown by the continuously updated real-time quote of Icade stock.