Icade has published a net current cash flow (NCFC) for 2023 from its strategic activities (commercial real estate and property development) of 232.6 million euros (+0.9%), or 3.07 euros per share, above its guidance of between 2.95 and 3.05 euros per share.

The real estate group's economic sales rose by 3% to just over 1.29 billion euros, resulting from 'a controlled decline in residential activity and an increase in the contribution from tertiary activity'.

At the AGM on April 19, the Board of Directors will propose payment of a dividend for 2023 of 4.84 euros per share, up 11.8%. Icade expects its strategic activities to generate CFNC of between 2.75 and 2.90 euros per share in 2024.

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