• Rents landed at EUR 694.5m, up +4.1% YoY.• Recurrent net income was up 6.8% to EUR 474.4m or EUR 6.42 (+6.7%) on a per share basis.• Dividend proposal stands at EUR 5.45 per share up 2.8%.• ‘Buy' rating reiterated and TP lifted to EUR 121.00 from 118.00.• Gecina is part of our Real Estate top pick list, and Degroof Petercam preference list.
