Report
Florent Laroche-Joubert

Gecina : A solid quarter that should strengthen growth potential after 2022

>Good operating momentum thanks to Gecina’s capacity to capture the positive effects of polarisation in offices - Gecina delivered an encouraging operating performance in Q1 2022, with gross rental income of € 153.3m (vs € 154.5m est.), down 3% yoy as expected at current scope following disposals in 2021 but up 2.2% at constant scope (cp) mainly under the effect of indexation of +0.7% yoy, which is expected to rise sharply over future quarters (i.e. ILAT office rent i...
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

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