Times are tough for listed real estate companies, those companies that live off rents from their assets.
The closure of stores for many months, the bankruptcies of certain brands and the generalization of teleworking sent them to the carpet.
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The sector was one of the most heavily sanctioned on the stock market with the health crisis.
Between the beginning of March and the end of October, the Euronext FIEF SIC France index, which includes the large real estate companies listed in Paris, lost more than half of its value.
He went from just over 3000 points to around 1500 points.
With the end of the suspense over the US presidential election and the encouraging news on the Covid vaccine front, he has regained just over 30% in one month.
However, insufficient to erase the scars of the crisis.
Since the start of the year, it has still lost more than 27%.
For specialists at Swiss bank Mirabaud, the health crisis has acted as an accelerator for teleworking
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