Invest Securities has lowered its recommendation on SCBSM shares from buy to neutral, with a price target reduced from 10.2 to 9.2 euros due to the paradigm shift.

With a portfolio of €443m now located in Paris (85% of assets), SCBSM is benefiting from the positive trend in Parisian rental values, according to the analyst.

"Its rental income potential (+12%) will probably not materialize in full, but it eliminates the risk of a significant drop in invoiced rents", adds Invest.

According to the research firm, the property company is not immune to rising interest rates, but the medium-term outlook confirms its resilience despite the paradigm shift.

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