Gecina published its H1 15 figures with GRI at €276.2m, down 1.1% lfl, impacted by negative reversions and limited indexation. The NAV stood at €103.9m, 3% below our FY15 expectations and the group share EPS was up 1.1% yoy to €2.74. The pipeline has been increased to 23.3% of the total portfolio, now standing at €2.8bn (from 16.5% at FY14), o/w 6.4% is committed. And management has made an upward revision of its FY15 guidance with net income growth now expected between +6
23 Jul 2015
A good start but still waiting for more
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A good start but still waiting for more
Gecina SA (GFC:WBO) | 0 0 2.8% | Mkt Cap: 11,480m
- Published:
23 Jul 2015 -
Author:
Alda Kule Dale -
Pages:
2
Gecina published its H1 15 figures with GRI at €276.2m, down 1.1% lfl, impacted by negative reversions and limited indexation. The NAV stood at €103.9m, 3% below our FY15 expectations and the group share EPS was up 1.1% yoy to €2.74. The pipeline has been increased to 23.3% of the total portfolio, now standing at €2.8bn (from 16.5% at FY14), o/w 6.4% is committed. And management has made an upward revision of its FY15 guidance with net income growth now expected between +6