Gecina : Robust operating performance and drivers for the short and medium terms
>Q1 2021 operating performance broadly in line - Gecina has delivered a robust Q1 2021 operating performance broadly in line with our expectations. Its rental income amounted to € 158m (-5.9% yoy), in line with our expectation (€ 156m e), reflecting organic growth of 1.3% (including indexation +0.8%) and -0.9% restated, excluding a catch-up in rents on retail space following an administrative decision, the effect of which on Q1 2021 will be spread over the full year:§...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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