Added to YB: 2026-02-20
Pitch date: 2026-02-17
INEA.PA [neutral]
Fonciere Inea S.A.
+0.59%
current return
Author Info
Lux Opes Research covers European companies. Lots of them. Sign up for the newsletter.
Company Info
Fonciere Inea S.A., a real estate investment company, engages in owning and managing business real estate properties in France.
Market Cap
EUR 370.1M
Pitch Price
EUR 34.10
Price Target
N/A
Dividend
7.89%
EV/EBITDA
20.15
P/E
74.35
EV/Sales
12.01
Sector
Office REITs
Category
dividend
Foncière INEA (INEA France): stabilising cash flows while waiting for offices to reopen
INEA.PA (update): French regional office REIT; €81.5m rental income +4.5% YOY, 3.5% indexation; vacancy 11.6% (up 130bp) mainly from rental guarantee expiries; portfolio stable at €1.2bn, 6.5% cap rate; LTV improved to 50.9%; €4.7 cash flow/share +53%; €2.70 dividend maintained; 2026 guidance €4.6-€5.0 cash flow/share.
Read full article (2 min)