Investor Presentaiton
APPENDICES - Q1 2022 RESULTS - SOLID AND AGILE TO MANAGE NEW STAKES
IMPACT OF INFLATION & ACCELERATING INTEREST RATE INCREASE
Revenues
and
valuations
Financing
• 100% of leases indexed on CPI related indexes
Cap rate of Icade portfolio: Office 5.5%, Healthcare 5.0%
→ Significant buffer (risk premiums) vs. long-term sovereign interest
rates to absorb interest rates increase
Low cost of debt: 1.29% / average debt maturity: c. 6 years
• Hedging rate 97% as of december 2021, >85% over the next 3 years
Positive impact in NAV NDV (debt fair value)
•
Limited, not to say positive impact for Icade
As a reminder real estate is amongst the best hedges against inflation
ICADE
ODDO SUSTAINABILITY FORUM
INVESTOR PRESENTATION
JUNE 2022
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