Gecina : Publication well ahead of forecasts, which confirms the strong momentum in the most central zones
>Strong operating performance in 2019 reflecting the scarcity of assets but also its total return strategy - Buoyed by the good momentum on the office markets and in the residential segment in central zones, Gecina’s recurring net income rose 6.0% to € 5.95 / share, beating our forecasts and the guidance at € 5.80-5.85 / share. In detail, growth at constant scope came to +2.4% vs growth of +1.7-2.0% expected at the start of the year, thanks notably to re-lettings in p...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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