Gecina is a rental real estate company. Co.'s purpose is to operate individual rental properties or group of properties located mainly in France. Co.'s properties include commercial assets (offices and retail outlets), residential assets, logistics assets, hotels and healthcare facilities. Co. is organized around two main sectors and one ancillary segment: Economic sector comprising the commercial segment (offices and retail outlets), the portfolio of logistics properties and of hotel buildings; Demographic sector comprising traditional residential units (housing units property holding), portfolio of students residences and of healthcare facilities; Ancilary segment of real estate services.
  • TickerGFC
  • ISINFR0010040865
  • ExchangeEuronext Paris
  • SectorReal Estate Investment Trusts
  • CountryFrance

Gecina: 1 director bought

A director at Gecina bought 26,048 shares at 122.556EUR and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Alain William ...
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Danjou
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/24/2020

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Florent Laroche-Joubert

Gecina : A very strong performance due to strategy operated for the past five years

>Activity underpinned by substantial reversion in the most central zones in Q1 2020 before the outbreak of COVID-19. - Yesterday evening, Gecina reported sales that beat our forecasts at € 168m in Q1 2020, up 3.7% y-o-y at constant scope (cs), of which +4% (cs) for offices, +1.3% (cs) for residential and +9% (cs) for student housing. This performance results from 1/ an increase in indexation (+1.9%), 2/ reversion on rents (+0.5%), principally in offices (i.e. nominal ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

After failing to break above resistance, global equities (MSCI ACWI) have had a rough start to the third quarter. Tuesday's 10-year low reading for September's US ISM manufacturing index further spooked investors and reignited global growth concerns. Continued weakness in global manufacturing and the US-EU tariff escalation raises the potential for a breakdown in global equities, however our outlook remains neutral as long as the MSCI ACWI remains confined to its horizontal range. • Prevailing trends continue for major indexes. Trends that began in March/April remain intact. That is, the MSCI...

Valérie GASTALDY

Short term view - GECINA : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €129.26, then €122.50. Passing €138.70 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - GECINA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 129,26 €, puis 122,50 €. Le franchissement de 138,70 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Analyse court terme - GECINA : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 129,26 €, puis 122,50 €. Le franchissement de 138,70 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - GECINA : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €129.26, then €122.50. Passing €138.70 would question the continuation of the fall.

Gecina: 1 director bought

A director at Gecina bought 26,048 shares at 122.556EUR and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Florent Laroche-Joubert

Gecina : A very strong performance due to strategy operated for the past five years

>Activity underpinned by substantial reversion in the most central zones in Q1 2020 before the outbreak of COVID-19. - Yesterday evening, Gecina reported sales that beat our forecasts at € 168m in Q1 2020, up 3.7% y-o-y at constant scope (cs), of which +4% (cs) for offices, +1.3% (cs) for residential and +9% (cs) for student housing. This performance results from 1/ an increase in indexation (+1.9%), 2/ reversion on rents (+0.5%), principally in offices (i.e. nominal ...

Florent Laroche-Joubert

Gecina : Une très forte performance, fruit de la stratégie menée depuis 5 ans

>Une activité soutenue par une réversion importante dans les zones les plus centrales au T1 2020 avant le COVID-19 - Gecina a publié hier soir un chiffre d’affaires au-dessus de nos attentes à 168 M€ sur le T1 2020 en hausse de 3.7% yoy à périmètre constant (pc) dont +4% à pc sur les bureaux, +1.3% à pc sur le résidentiel et +9% à pc sur les résidences étudiantes. Cette performance résulte 1/ d’une hausse de l’indexation (+1,9%), 2/ une réversion locative (+0,5%), pri...

Florent Laroche-Joubert

ODDO : Property groups are being tested by COVID-19

We estimate that net current cash flow per share for the property companies we cover will be reduced on average by -11.3% in 2020e and -6.0% in 2021e. Retail property companies are likely to be hit the hardest while office and healthcare property groups should prove more resilient. Our Top Picks against this backdrop are Gecina and Colonial in office property, Cofinimmo in healthcare property and Klépierre in retail property. We downgrade Merlin Properties from Buy to Neutral. - §...

Florent Laroche-Joubert

ODDO : Les foncières à l’épreuve de la tempête du COVID-19

Nous estimons que les Cash-Flows Nets Courants / action de nos foncières vont être impactées en moyenne de -11.3% en 2020e et -6.0% en 2021e. Les foncières de commerce seront les principales victimes alors que celles de bureaux et de santé devraient mieux résister. Nos valeurs préférées dans ce contexte sont Gecina et Colonial dans l'immobilier de bureaux, Cofinimmo dans la Santé et Klépierre dans le commerce. Nous passons à Neutre (vs Achat) sur Merlin Properties. - >Des ...

Florent Laroche-Joubert

ODDO : A flight to quality approach!

>Rental market: between strong momentum and disruption linked to the lockdown - According to statistics published yesterday by Immostat, the office rental market in the Greater Paris region has retained a number of its fundamentals (tension on rental values, scarcity of immediately available supply) whilst at the same time take-up has been significantly disrupted by the strikes of December 2019 and the introduction of lockdown measures at the end of the quarter:I...

Gecina SA: Key Facts and Statistics - LTM September 2019

A summary company profile, detailing Gecina S.A.’s business operations and financial highlights.

Moody's announces completion of a periodic review of ratings of Gecina SA

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Gecina SA. Global Credit Research- 16 Jul 2019. Stockholm, July 16, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Gecina SA and other ratings that are associated with the same analytical unit.

Gecina SA: Updated discussion of key credit factors

Our credit view of Gecina, reflecting its large size and quality of its office portfolio, an improving property market outlook as well as a fully unencumbered asset base

Gecina SA: Key Facts and Statistics - LTM as of June 2018

A summary company profile, detailing Gecina S.A.’s business operations and financial highlights.

Gecina SA - June 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Alain William ...
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Danjou
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/24/2020

...

Alain William ...
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Danjou
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 24/04/2020

...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 04/08/2020

While the collapse in our groups' activity is fairly uniform (-70% to -90%), we believe that the pace of recovery will be much faster for motorway concessions and construction than for airports. This is not reflected in share price performances. We are downgrading Fraport to Reduce (target price € 41) and we remain on Reduce for ADP (target price € 100). We prefer Vinci (€ 85) and Eiffage (€ 86). - Cf. report published today. - ...

Alfred Glaser ...
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Laurence Hofmann
  • Samantha Jeary

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/08/2020

A state of rational panic has overtaken the world and the real economy. Investors are envisaging a worst-case scenario, whereby businesses very survival is under threat. We have set this scenario to music. Over and above the temporary effect of the shutdown of the construction industry, the stimulus plans announced in many countries are unlikely to enable a return to the 2019 level in 2021. We prefer the groups with the most solid balance sheets. We have upgraded our recommendations f...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 08/04/2020

...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Gecina – AGM 23 April 2020

ITEM 16: At the end of this meeting, subject to the approval of the appointment of Jérôme Brunel as director, the latter will be appointed Chairman of the Board to replace Bernard Carayon, who has reached the statutory age limit and will resign. We support the appointment of Mr. Brunel as Chairman of the Board. ITEMS 7 to 10 and 32: The 2019 and 2020 remuneration of the members of the Board, the Chairman and the CEO do not call for any particular comment on our part. However, we do not support resolution 32 related to the authorization to grant free shares as the proposed performance conditio...

Jehanne Leroy

Gecina - Aseemblée Générale Mixte du 23 avril 2020

Avis de convocation du 6 avril 2020 (-officiel.gouv.fr/balo/document/202004062000784-42) : le montant du dividende (résolution 4) est ramené de 5,60 € à 5,30 €. Gecina figure parmi les 1ères sociétés foncières françaises. Les revenus locatifs nets par type d'actifs se répartissent comme suit :  - bureaux et commerces (81,8%) ; - logements (14,2%) ; - résidences pour étudiants (2,3%) ; - autres (1,7%). A fin 2019, le patrimoine immobilier du groupe s'élève, en valeur de marché, à 20,1 MdsEUR répartis entre bureaux et commerces (82,2%), logements (17,1%) et autres (0,7%).  

Jehanne Leroy

Gecina, 17 Avril 2019

La communication de la société sur les éléments de rémunération attribuée à Méka Brunel est très bonne et permet à l’actionnaire de bien comprendre les montants attribués. De plus, la structure de la rémunération 2018 respecte la structure préconisée par Proxinvest. Enfin, les montants en jeu sont tout à fait acceptables. Cependant, l’un des critères des actions de performance attribuées au titre de 2018 n’est mesuré que sur 2,5 années, ce qui ne respecte ni la pratique de la place, ni nos préconisations. De plus, l’autre critère utilisé permet l’acquisition en cas de sous-performance (ce qui ...

Gecina - Assemblée générale des actionnaires du 17 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Gecina – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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