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Icade jumps as indexation boosts Q1 rental income



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** Shares in Icade ICAD.PA rise 4.1% after the French real estate company reported Q1 results with a boost from indexation and reaffirmed its FY outlook

** The company posted Q1 gross rental income up 3.8% to 93.7 million euros ($99.9 million), or up 1.7% like-for-like

** Jefferies says the results show Icade's main activity is under pressure, but notes a strong positive impact of +5.1% from indexation

** The broker adds LFL rental growth was strong in light industrial assets, but remained muted in offices

** The stock is among best performers of France's SBF 120 index .SBF120, and on track for its best day since mid-December if gains hold


($1 = 0.9378 euros)



Reporting by Lina Golovnya

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