Gecina : Very strong resilience and course set in line with our expectations!
>A very good operating performance in a challenging environment - Taking advantage of the scarcity of its assets, Gecina posted a solid operating performance in H1 2020. Recurring net profit came to € 2.94 per share (-0.7% y-o-y), in line with our estimates. In detail, growth at constant scope came to +2.9% driven by: 1/ indexation of +1.9% and; 2/ positive rental reversion: In offices (82% of assets), growth at constant scope was +3.6% thanks to indexation up 2....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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