Gecina : Asset values stabilising at last and excellent visibility on growth
>Strong growth in recurring earnings per share at € 3.18 (+8.4% y-o-y) and stable asset values - Gecina reported H1 2024 operating performances in line with the top end of the full-year guidance which reflects growth in the numbers for the overall recurrent P&L: gross rents came in at +3.1% y-o-y (with +6.3% on constant scope (cs)), EBITDA is up +4.0% y-o-y and net interest expense is down 17.1% y-o-y, giving net recurring earnings per share of € 3.18 (+8.4%):Off...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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