Report
Florent Laroche-Joubert

Gecina : Definite advantages and more visibility on post-crisis growth

>More visibility on the recovery in growth for recurring earnings per share - We think that Gecina now offers further visibility on the recovery in growth in earnings per share. After a discussion with management and an update to our model, we are forecasting 2021-2024e CAGR for recurring earnings per share of 4.6% with 2024e recurring earnings per share at € 6.07 based on the following assumptions:The pace of divestments should slow: we understand that a large p...
Underlying
Gecina SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Florent Laroche-Joubert

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