Report
Florent Laroche-Joubert

Gecina : Interesting entry point for a real estate investment player poised to outperform

>Strong operating momentum, better than hoped for at the start of the year - Gecina’s H1 2022 operating performance is very solid and better than could have been hoped for at the start of the year. Organic growth in rents of +3% was mainly driven by the polarisation of the rental market in central areas in offices and good momentum in the residential segment:Offices (81% of the portfolio): rental activity was very dynamic with the letting of 57,000 m² mainly in 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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