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.
  • TickerGFC
  • ISINFR0010040865
  • ExchangeEuronext Paris
  • SectorReal Estate Investment Trusts
  • CountryFrance

Analysts

GECINA reduced its risk exposure resulting in an upgrade to Slightly Positive

GECINA (FR), a company active in the Real Estate Investment Trusts industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date May 14, 2019, the closing price was EUR 133.60 and its potential was estimated at EUR 142.61.

Gecina SA: Key Facts and Statistics - LTM as of June 2018

A summary company profile, detailing Gecina S.A.’s business operations and financial highlights.

Gecina SA - June 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Gecina SA: Updated credit analysis following change of outlook to stable

Our credit view of Gecina, reflecting its large size and quality of its office portfolio, an improving property market outlook as well as a fully unencumbered asset base

Gecina SA - December 2017 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Gecina SA: Gecina's recent asset sales reduce execution risk related to disposal program, a credit positive

CORPORATES ISSUER COMMENT 11 January 2018 What is  Moody’s Credit Outlook ? Published every Monday and Thursday morning, Moody's Credit Outlook informs our research clients of the credit implications of current events. Contacts Roberto Pozzi +44.20.7772.1030 VP-Sr Credit Officer [email protected] Andre Silva +44.20.7772.5385 Associate Analyst [email protected] CLIENT SERVICES

Ahmed Ben Salem ...
  • Alfred Glaser
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender
  • Stephane Houri
  • Valentin Pernet
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/18/2019

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Ahmed Ben Salem ...
  • Alfred Glaser
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender
  • Stephane Houri
  • Valentin Pernet
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/04/2019

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ING
Research Department

Benelux Morning Notes

Aedifica and Cofinimmo: Korian goes Dutch. Arcadis: Nice start to the year, cash and profit pivotal. Basic-Fit: beat on revenues and support for FY19 consensus. Beter Bed: Top line trend in Germany still negative. Gecina: Still 2% organic growth, ‘confidence' in guidance. Proximus: CEO says to expect no cut in dividend. Recticel: More information required from Kingspan. Sligro: Weak 1Q. Unilever: Good 1Q19 trading update

Florent Laroche-Joubert

Gecina : Q1 2019: operating performance underpinned by buoyant market

>Q1 2019: rental income up 2.3% at constant scope - Thanks to a still buoyant market in its key sectors, Gecina's rental income amounted to € 164.1m in Q1 2019, up 2.3% y-o-y at constant scope, of which +2.5% y-o-y for offices and +2.1% y-o-y for the residential business. This trend reflects 1/ a still significant indexation of +1.7% 2/ a positive effect of the reversion (+0.4%) on both offices and the residential activity as well as a reduction in the financial vacan...

Florent Laroche-Joubert

Gecina : T1 2019 : une performance opérationnelle portée par un marché porteur

>T1 2019 : revenus locatifs en hausse de 2.3% à périmètre constant - Grâce à un marché toujours porteur dans ses secteurs clés, les revenus locatifs de Gecina s’établissent à 164.1 M€ sur le T1 2019 en hausse de 2.3% yoy à périmètre constant (pc) dont +2.5% yoy sur les bureaux et +2.1% yoy sur le résidentiel. Cette évolution intègre : 1/ une indexation toujours significative de +1.7% ; 2/ un effet positif de la réversion (+0.4%) aussi bien sur les bureaux que sur le r...

1 director bought

A director at Gecina bought 19,000 shares at 133.472EUR and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Fatma Agnès Hamdani ...
  • Florent Laroche-Joubert
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/09/2019

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Emmanuel Matot ...
  • Florent Laroche-Joubert
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 04/09/2019

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Fatma Agnès Hamdani ...
  • Florent Laroche-Joubert
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/04/2019

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Emmanuel Matot ...
  • Florent Laroche-Joubert
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 09/04/2019

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Bruno Cavalier ...
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Philippe Ourpatian

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/11/2019

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GECINA reduced its risk exposure resulting in an upgrade to Slightly Positive

GECINA (FR), a company active in the Real Estate Investment Trusts industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date May 14, 2019, the closing price was EUR 133.60 and its potential was estimated at EUR 142.61.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Klepierre SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Klepierre SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Klepierre SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlight...

MarketLine Department

Covivio - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Covivio Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Covivio since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights This re...

Jehanne Leroy

Gecina, 17 Avril 2019

La communication de la société sur les éléments de rémunération attribuée à Méka Brunel est très bonne et permet à l’actionnaire de bien comprendre les montants attribués. De plus, la structure de la rémunération 2018 respecte la structure préconisée par Proxinvest. Enfin, les montants en jeu sont tout à fait acceptables. Cependant, l’un des critères des actions de performance attribuées au titre de 2018 n’est mesuré que sur 2,5 années, ce qui ne respecte ni la pratique de la place, ni nos préconisations. De plus, l’autre critère utilisé permet l’acquisition en cas de sous-performance (ce qui ...

Gecina - Assemblée générale des actionnaires du 17 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Gecina – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Proxy Report - 18/04/2018

ITEM 12, 14, 16 Méka Brunel was named CEO in 2017. Despite satisfactory financial performance an improvement in Gecina’s environmental footprint (lower GHG emissions), her compensation seems excessive and disclosure is below average. We recommend that shareholders oppose her compensation plan. ITEM 7, 8, 9 In 2017, Gecina acquired its competitor Eurosic. We welcome this acquitistion form a strategic standpoint given the consolidation currently taking place in the sector. Furthermore, the financial conditions of the transaction do not raise any concerns. We recommend that shareholders approve ...

Proxy Report - 18/04/2018

La présente assemblée générale est marquée par la ratification de le renouvellement Méka Brunel au conseil d'administration, qui est également Directrice Générale de la société depuis le début de l'exercice précédent (résolution 16), ainsi que sa rémunération passée (résolution 12) et sa politique de rémunération pour l'exercice à venir (résolution 14). La dirigeante a montré ses capacités en affichant des performances financières et des initiatives environnementales encourageantes, ce qui nous permettra de soutenir son mandat. Cependant, sa rémunération pose des problèmes de montants et de tr...

Valérie GASTALDY

Short term view - GECINA : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €129.26, then €122.50. Passing €138.70 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - GECINA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 129,26 €, puis 122,50 €. Le franchissement de 138,70 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Analyse court terme - GECINA : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 129,26 €, puis 122,50 €. Le franchissement de 138,70 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - GECINA : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €129.26, then €122.50. Passing €138.70 would question the continuation of the fall.

Valérie GASTALDY

Medium term view - GECINA : Falling prices.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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