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PRESS RELEASE Issy - les - Moulineaux , October 25 , 2021 , 7:30 a.m. ICADE Desirable places to live ICADE - RESULTS AS OF SEPTEMBER 30 , 2021 SOLID PERFORMANCE ACROSS OUR 3 BUSINESS LINES REVENUE AT € 1.2BN , + 25.2 % vs. SEPT . 2020 , + 20.2 % vs. SEPT . 2019 SOLID BUSINESS PERFORMANCE ACROSS OUR 3 BUSINESS LINES о Gross rental income up nearly 4 % to c . € 525m for 9M 2021 : • Office Property Investment : € 273.1m , + 1.9 % , stable like - for - like ; c . 140,000 sq.m of new leases signed or renewed , with annualised headline rental income of over € 35m ; • Healthcare Property Investment : € 239.3m , + 6.6 % , + 0.5 % like - for - like ; 10 leases renewed for another 12 years with Ramsay Santé representing c . € 38m in headline rental income . 。 Property Development : revenue at € 689.2m , up + 47 % year - on - year ( economic revenue¹ up c . + 55 % to € 776m ) ; orders increased by + 39 % and sales by + 8 % vs. Q3 2020 . CONTINUED ROBUST INVESTMENTS IN BOTH PROPERTY INVESTMENT DIVISIONS Asset rotation in the Office Property Investment Division : sale of the Silky Way building completed for € 138m , bringing total disposals in 2021 to € 462m , + 9.8 % above NAV as of 12/31/2020 , and a value - add acquisition completed for € 183m , bringing total acquisitions since the beginning of the year to € 243m . Healthcare Property Investment : Q3 investments totalled € 118m , half of which outside France . Including the acquisitions announced in October , year - to - date investments completed or under a preliminary agreement amount to nearly € 480m , in line with the annual target of € 450 / 500m for 2021 . FINANCIAL STRUCTURE : Icade and its subsidiary Icade Santé have solid balance sheets , as evidenced by the BBB + ratings with a stable outlook affirmed by S & P in July 2021 for both companies . FY GUIDANCE RAISED IN JULY REMAINS UNCHANGED 。 Group NCCF per share : up c . + 6 % excl . 2021 disposals , i.e. c . + 3 % incl . 2021 disposals 2021 dividend : up + 3 % : payout ratio in line with 2020 ( 83 % ) + distribution of part of the gains on disposals о Icade also reaffirms its NCCF target for the Healthcare Property Investment Division as of 12/31/2021 : € 251m ( in millions of euros ) 09/30/2021 09/30/2020 09/30/2019 Chg . 2021 vs. 2020 ( % ) Chg . 2021 vs. 2019 ( % ) LFL chg . 2021 vs. 2020 ( % ) Gross rental income from Office Property 273.1 267.9 256.3 1.9 % 6.6 % 0.0 % Investment Gross rental income from Healthcare Property Investment 239.3 224.6 195.7 6.6 % 22.3 % 0.5 % Other income * 12.4 13.6 21.4 ( 8.6 ) % ( 41.8 ) % ( 4.9 ) % Gross rental income from Property Investment 524.8 Property Development revenue 689.2 506.1 467.5 473.4 553.7 3.7 % 10.9 % 0.3 % 47.4 % 24.5 % 47.4 % Other revenue ** 10.1 4.4 ( 9.2 ) N / A N / A N / A CONSOLIDATED REVENUE 1,224.1 978.0 1,017.9 25.2 % 20.2 % 24.2 % * : Other Office Property Investment assets and intra - group operations ** : " Other revenue " mainly includes intra - group operations 1 Economic revenue : IFRS revenue + revenue from entities accounted for using the equity method