Gecina : Very solid 2023 ahead of continued growth in 2024
>Recurrent net income (RNI) per share of € 6.01 (+8.2% yoy) vs css at € 5.95 - Gecina has reported 2023 operating results above forecasts, with recurrent net income (RNI) per share of € 6.01 (+8.2% yoy) vs guidance of € 5.9-6.0 and the consensus estimate of € 5.95. This reflected an improvement in Gecina’s financial performance at all levels of the recurrent P&L (i.e. RNI +8.2% vs gross rental income +6.5%) in the context of a polarisation of the office rental market:...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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