Added to YB: 2026-08-10
Pitch date: 2026-08-04
IMDA.PA [neutral]
Immobiliere Dassault SA
Author Info
No bio for this author
Company Info
Immobiliere Dassault SA, a real estate company, owns and manages offices and retail real estate assets in France.
Market Cap
EUR 355.7M
Pitch Price
EUR 47.40
Price Target
84.53 (+78%)
Dividend
4.39%
EV/EBITDA
20.45
P/E
-3.16
EV/Sales
19.27
Sector
Diversified REITs
Category
special_situation
Listed REITs: The Return of Growth Isn’t Lifting Everyone - Immobilière Dassault: A Rare Parisian Portfolio, and Maybe Soon PEA Eligible?
IMDA.PA (overview): Rare 15-asset prime Paris REIT (€986M portfolio, 94.2% occupancy). H1 rent +8.9% to €18.2M, LTV 32.4%, 86% fixed-rate debt. Dassault raised stake to 79.45% (from Peugeot Invest), breaching 60% SIIC threshold, triggering €124M deferred tax, €118.8M net loss, NAV cut €84.53→€66.58. Silver lining: possible PEA eligibility. Risks: low liquidity, dividend policy shift.
Read full article (2 min)