Adjusted for exceptional items, the performance of Offices was -0.7% in Q1 21. Net of the positive indexation of 0.8%, the negative 1.5% mirrored the 130bp degradation in occupancy yoy (-140bp sequentially). Gecina is highlighting an improving end-market. As far as we are concerned, we believe in a catch-up phase.
23 Apr 2021
Slight organic decline in offices in Q1 21
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Slight organic decline in offices in Q1 21
Gecina (GFC:EPA), 0 | Gecina SA (GFC:PAR), 0
- Published:
23 Apr 2021 -
Author:
Christian Auzanneau -
Pages:
3
Adjusted for exceptional items, the performance of Offices was -0.7% in Q1 21. Net of the positive indexation of 0.8%, the negative 1.5% mirrored the 130bp degradation in occupancy yoy (-140bp sequentially). Gecina is highlighting an improving end-market. As far as we are concerned, we believe in a catch-up phase.