Gecina : A reassuring performance, strong visibility and guidance raised
>A solid operational performance only slightly impacted and normalisation underway - Gecina delivered a solid and reassuring 9M 2020 performance based on the normalisation of relations with its tenants 9M 2020 rental income was € 497m (-0.7% y-o-y), in line with our estimates (€ 495m est.) and included organic growth of +2.7% due to the refocusing of assets on more central zones:Office property (+3.5% at constant scope): the performance resulted from an indexati...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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