Report
Florent Laroche-Joubert

Gecina : Solid momentum ahead of future growth in RNI / share

>Very healthy operating momentum - Gecina delivered a solid financial performance in 9M 2021 with gross rental income reaching € 461.8m (vs € 462.3m est.) and thus coming out stable on a like-for-like basis (-0.1% lfl yoy) due to low indexation (+0.4%), a continued positive reversion effect (+0.4%) and a temporary dip (-1.8%) in the average financial occupancy rate (FOR) resulting above all from a downturn in rental activity in 2020 given the very extraordinary circum...
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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch