Report
Florent Laroche-Joubert

Gecina : Very solid balance sheet, potential secured ahead of the new CEO’s arrival

>2021 operating performance in line with expectations - Gecina’s 2021 operating performance came out as expected, with Recurrent Net Income (RNI) / share reaching € 5.32 vs € 5.33 forecast by the consensus, a performance that reflects the group’s resilience during the public health crisis. In particular it reflects the effects, with a 1-year time lag, of 1/ the public health crisis (i.e. low indexation + low rental activity) and 2/ the loss of rental income resulting ...
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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