Gecina : € 1bn in asset disposals => greater visibility on the solidity of the balance sheet
>Close to € 850m in new disposals with an average premium around +10-11% above the latest appraisal values - Yesterday evening, Gecina announced that it had finalised and/or secured € 1bn in asset disposals since the beginning of the year (i.e. € 850m in additional disposals since 20 April) at an average premium of around 10% vs the latest appraisal values and with an average rate for the loss of rental income of 2.5%.The group has thus sold or secured the sale, ...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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