Gecina : Pressure on rents in the short term and total return strategy in the medium term are two growth drivers
>Potential uplift of +8.6% to date - Gecina’s interim publication has shown a materialisation of inflation on rental values in the group’s portfolio in central Paris (EPRA NAV of 5.1% for H1 2019 and 8.0% y-o-y to € 169.8 / share) notably driven by a buoyant office real estate market in central Paris (vacancy rate for the Paris CBD of 1.7%; increase in rents on existing properties of 9% y-o-y). We think that this materialisation is a result of the strategy with “...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.