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 ...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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