(News Bulletin 247) – Last night Gecina reported “robust” financial performance for 2022, in particular thanks to an acceleration of its operational dynamics in the second half.

The real estate company says it has collected gross rents of 626 million euros, up 4.4% on a like-for-like basis, over the whole of the year, against only +3% at the end of June.

Its occupancy indicators are also on the rise, with an average financial occupancy rate on the office which increased by 210 basis points last year to reach 92.8%.

Recurring net income per share stands at 5.56 euros, an increase of 4.5%, compared to 3.9% at the end of June.

In a note of reaction, Barclays analysts welcome results in the same vein as those of SFL, published on Tuesday, which according to them testifies to the good resistance of the Parisian commercial real estate market.

The UBS teams, for their part, retain a confident speech for 2023, illustrated by forecasts higher than consensus expectations.

Gecina declared yesterday that it anticipates a net recurring result
Group between 5.80 and 5.90 euros per share in 2023, i.e. an increase of between +4% and +6%.

Listed on the Paris Stock Exchange, the Gecina share rose by 1.2% on Thursday morning in response to these figures, ie a slight outperformance compared to a Parisian market up by 1.1%.

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