profit from every €100 of sales.
€0€100
Icade
€15.42-1.34% today
-27.5% since Dec 18, 25
1-year low €14.421-year high €22.60
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Icade sold, what it kept, and what it did with the cash.
Sales went from €1.57 billion in 2022 to €1.34 billion in 2025, with -€123 million of profit last year.
SalesProfit
Icade vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from €100 of sales | Sales growth a year | Price per €1 of profit |
|---|---|---|---|
| Icade | No profit yet | ||
 GOOD Group Stapled [GMG] | 34.7× · Expensive | ||
 W. P. Carey | 32.5× · Expensive | ||
 Land Securities Group | 16.4× · Fair price | ||
 Stockland | 13.1× · Cheap |
AI analysis
An AI analyst reads Icade's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of EUR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,569 | 1,528 | 1,452 | 1,342 | |
| 707 | 582 | 502 | 470 | |
| 291 | 258 | 212 | 276 | |
| -67 | -1,127 | -161 | -10 | |
| 54 | -1,250 | -276 | -123 | |
| 0.71 | -16.50 | -3.64 | -1.62 | |
| 45.1% | 38.1% | 34.6% | 35.1% | |
| 18.6% | 16.9% | 14.6% | 20.6% | |
| 3.4% | -81.8% | -19.0% | -9.2% |
Balance sheet
| In millions of EUR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 18,218 | 11,601 | 10,519 | 9,563 |
| Cash | 1,085 | 1,620 | 1,233 | 851 |
| Total debt | 8,023 | 5,128 | 4,735 | 4,346 |
| Total liabilities | 9,534 | 6,533 | 6,156 | 5,661 |
| 6,588 | 4,986 | 4,323 | 3,877 | |
| 76 | 76 | 76 | 76 | |
| -0.5% | -9.2% | -2.2% | -0.2% | |
| 0.8% | -25.1% | -6.4% | -3.2% |
Cash flow
| In millions of EUR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 313 | 308 | 366 | 300 | |
| 547 | 305 | 200 | 306 | |
| -234 | 4 | 166 | -5 | |
| Dividends paid | 318 | 328 | 367 | 327 |
| 0 | 0 | 1 | – | |
| – | – | – | – |
Valuation
- –
- –
- –
- 0.4×
- 0.9×
- –
- –
- -0.4%
- -10.5%
- –
Profitability
- 35.1%
- 20.6%
- -9.2%
- –
- -0.2%
- -3.1%
- –
- –
- –
- –
Growth
- −5.1%
- –
- –
- –
- +0.1%
Financial health
- –
- 1.12
- –
- -0.3×
- 1.17
- –
- –
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 7%of 746
Bottom 30%of 752
Bottom 11%of 763
Bottom 17%of 762
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
Not enough data
Questions about Icade
Is Icade a good stock to buy?
A business with weak numbers that is not profitable yet. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Icade AI analysis
What does Icade do?
Icade is a real estate player that strives to make cities more pleasant places to live for everyone. It is in REIT - Diversified, based in Puteaux, France, with 954 employees.
Does Icade pay a dividend?
Yes. In 2025 it paid out €327 million in dividends.
Is Icade stock halal?
No. Icade does not pass our halal screen: its debt is 372% of its market value, at or above the 33% limit. How we check
Who are Icade's competitors?
The largest listed companies in the same industry are GOOD Group Stapled [GMG], W. P. Carey, Land Securities Group and Stockland. The peers table on this page compares their profit, growth and price with Icade's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.