Gecina : 2024 guidance upgraded based on even healthier lead indicators
>Faster growth on constant scope at +6.7% for 9M vs +6.3% in H1 - Gecina reported further robust operating performances for 9M 24 with gross rental revenue at € 518.5m vs € 519.8m est., up +6.7% on constant scope (cs) vs +6.3% in H1 24 thanks to 1/ ongoing indexation of +5.4% and 2/ a reversion effect of +1.0%. On current scope, growth came in at +4.4%, mainly driven by the positive contribution from deliveries in 2023 and 2024, which offset € 1.3bn of disposals in 20...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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