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17 Oct 2024
Gecina - Organic growth acceleration in Q3
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Gecina - Organic growth acceleration in Q3
Gecina (GFC:EPA), 0 | Gecina SA (GFC:PAR), 0
- Published:
17 Oct 2024 -
Author:
Amal Aboulkhouatem -
Pages:
5 -
Rental income amounted to EUR 518.5m, up 4.4% YoY and +6.7% on a LfL basis.Offices benefited from an acceleration in LfL growth of 6.9%, with LfL growth for offices in Paris City reaching +8.4%.Management confirms that FY24 recurring EPS should be at the upper end of the range of the guidance around EUR 6.40 per share.We reiterate our positive stance on the stock, given its solid balance sheet and resilient underlying market. Buy recommendation reiterated.The company holds a conference call today at 9:00 CET.More details are in the Note published this morning