Gross rental income landed at EUR 359.9m, up +4.9% YoY.Recurrent net income was up 6.5% to EUR 250.4m or EUR 3.38 on a per share basis (+6.4 % YoY).EPRA NTA stood at EUR 144.3 per share, up 1.1% vs December end.Narrowed net recurrent income FY25 guidance between +3.6% to +4.4%.‘Buy' rating and EUR 121.00 TP reiterated. Gecina is part of our Real Estate top pick list.
