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Gecina SA (GFCP.PA)

GFCP.PA on Paris Stock Exchange

141.70EUR
3:57pm BST
Change (% chg)

€1.90 (+1.36%)
Prev Close
€139.80
Open
€140.20
Day's High
€142.10
Day's Low
€139.50
Volume
38,045
Avg. Vol
112,523
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€147.80
52-wk Low
€110.30

Latest Key Developments (Source: Significant Developments)

Gecina H1 EBITDA Down At 271.4 Million Euros
Thursday, 18 Jul 2019 

July 18 (Reuters) - GECINA SA ::UPWARD REVISION OF EXPECTATIONS FOR 2019 FOLLOWING A SOLID FIRST HALF.2019 RECURRENT NET INCOME PER SHARE GROWTH NOW EXPECTED TO REACH +3%.H1 GROSS RENTAL INCOME EUR 330.6 MILLION VERSUS EUR 335.4 MILLION YEAR AGO.H1 EBITDA EUR 271.4 MILLION VERSUS EUR 274.4 MILLION YEAR AGO.H1 RECURRENT NET INCOME GROUP SHARE EUR 218.8 MILLION VERSUS EUR 230.3 MILLION YEAR AGO.2019 RENTAL INCOME UP +2.0% LIKE-FOR-LIKE (+1.9% FOR OFFICES, +2.5% FOR TRADITIONAL RESIDENTIAL).2019 LIKE-FOR-LIKE OFFICE RENTAL INCOME GROWTH NOW EXPECTED TO COME IN AT OVER +2% (EXCLUDING VACANCY EFFECT), COMPARED WITH +1.7% TO +2.0% PREVIOUSLY.THE AVERAGE FINANCIAL OCCUPANCY RATE FOR THE FIRST HALF OF 2019 WAS 94.6%.2019 RECURRENT NET INCOME PER SHARE OF €2.96, UP +2.5% EXCLUDING THE IMPACT OF NON-STRATEGIC ASSETS SOLD IN 2018 FROM THE EUROSIC SCOPE.  Full Article

Gecina Enters Into Exclusive Negotiations To Buy 32,000 square meters In Neuilly
Monday, 15 Jul 2019 

July 15 (Reuters) - Gecina SA ::GECINA ENTERS INTO EXCLUSIVE NEGOTIATIONS WITH A FRENCH INSTITUTIONAL INVESTOR TO ACQUIRE NEARLY 32,000 SQ.M IN NEUILLY-SUR-SEINE.THIS OPERATION COULD BE BASED ON AN ASSET SWAP BETWEEN GECINA AND THE CRPN..ENTERED INTO EXCLUSIVE NEGOTIATIONS TO ACQUIRE 100% OF OFFICE UNITS HELD BY CRPN IN "CARREAU DE NEUILLY” REAL ESTATE COMPLEX.  Full Article

Gecina To Invest 20 Million Dollars In Fifth Wall Ventures Fund
Monday, 3 Jun 2019 

June 3 (Reuters) - GECINA SA ::GECINA WILL INVEST 20 MILLION DOLLARS IN A FIFTH WALL VENTURES FUND, BECOMING ITS FIRST PARTNER IN FRANCE.  Full Article

Gecina Launches A Tender Offer On Three Of Its Outstanding Series Of Notes
Wednesday, 22 May 2019 

May 22 (Reuters) - GECINA SA ::GECINA LAUNCHES A TENDER OFFER ON THREE OF ITS OUTSTANDING SERIES OF NOTES.€300,000,000 2.875 PER CENT. NOTES DUE 30 MAY 2023 AND WHICH €210,300,000 IS CURRENTLY OUTSTANDING;.RESULTS OF THE TENDER OFFER WILL BE ANNOUNCED ON JUNE 4, 2019.€500,000,000 2.00 PER CENT. NOTES DUE 17 JUNE 2024 AND WHICH €500,000,000 IS CURRENTLY OUTSTANDING.€500,000,000 1.75 PER CENT. NOTES DUE 30 JULY 2021 AND WHICH €185,800,000 IS CURRENTLY OUTSTANDING.  Full Article

Gecina Q1 Gross Rental Income Down At 164.1 Million Euros
Wednesday, 17 Apr 2019 

April 17 (Reuters) - GECINA SA ::Q1 GROSS RENTAL INCOME EUR 164.1 MILLION VERSUS EUR 168.5 MILLION YEAR AGO.REITERATES 2019 OBJECTIVES.  Full Article

Gecina FY EBITDA Rises To 536.1 Million Euros
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - GECINA SA ::FY EPRA NAV UP +5.4% TO €161.6 PER SHARE (€168.0 BASED ON UNIT RESIDENTIAL VALUES)….FY RECURRENT NET INCOME UP +20% TO €437.2M AND +9% PER SHARE TO €5.93.FY GROSS RENTAL REVENUE EUR 661.7 MILLION VERSUS EUR 558.9 MILLION YEAR AGO.RECURRENT NET INCOME PER SHARE FOR 2019 IS EXPECTED TO GROW BY AROUND +2%.FY EBITDA EUR 536.1 MILLION VERSUS EUR 453.5 MILLION YEAR AGO.AVERAGE FINANCIAL OCCUPANCY RATE IN 2018 WAS 94.9 PERCENT.IFRS GROSS RENTAL INCOME COULD SEE GROWTH OF €130 MILLION TO €140 MILLION BY 2024.TO PROPOSE A DIVIDEND PAYOUT OF EUR 5.50 PER SHARE FOR 2018.  Full Article

Gecina Finalizes Letting Of Ibox
Monday, 17 Dec 2018 

Dec 17 (Reuters) - GECINA SA ::GECINA FINALIZES THE LETTING OF IBOX.THIS NEW LEASE, EFFECTIVE FROM OCTOBER 2019, FOLLOWS THE LEASES ALREADY SIGNED WITH THE ACCORINVEST, DATAIKU AND EXPONENS CONSEIL & EXPERTISE COMPTABLE GROUPS.SIGNED LEASE WITH EUROPEAN SECURITIES AND MARKETS AUTHORITY (ESMA) FOR NEARLY 9,000 SQ.M OF IBOX BUILDING.THIS LATEST TRANSACTION TAKES THE LETTING RATE FOR THE GROUP’S ASSETS DELIVERED IN 2018 AND 2019 UP TO 80%.  Full Article

Gecina To Recover 55 Million Euros Following Conviction Of Former Manager
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - GECINA SA ::SAYS GECINA TO RECOVER €55M OF DAMAGES FOLLOWING THE CRIMINAL CONVICTION OF ITS FORMER MANAGER, JOAQUÍN RIVERO.SAYS GECINA WILL RECEIVE MORE THAN €55M OF DAMAGES IN TIME, REPRESENTING APPROX TWO THIRDS OF THE SUMS THAT HAD BEEN SEIZED DURING THE INVESTIGATION PHASE.  Full Article

Gecina Signs Firm 10-Year Lease With Seqens
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - GECINA SA ::GECINA LETS 41% OF THE “BE ISSY” BUILDING.SIGNED FIRM 10-YEAR LEASE WITH SEQENS EFFECTIVE JUNE 15, 2019 FOR 10,400 SQ.M OF “BE ISSY” BUILDING IN ISSY-LES-MOULINEAUX.  Full Article

Gecina End-Sept Total Gross Revenue Up At 504.5 Million Euros
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - GECINA SA ::END-SEPT GROSS RENTAL INCOME UP +30.7% ON A CURRENT BASIS.END-SEPT LIKE-FOR-LIKE GROWTH OF +2.2%.CONFIRMS ITS TARGET FOR RECURRENT NET INCOME PER SHARE GROWTH OF OVER +8% FOR 2018.€1.7 BLN OF COMMERCIAL SALES SECURED SINCE EUROSIC’S ACQUISITION AND 150,000 SQUARE METERS LET IN 2018.END-SEP TOTAL GROSS REVENUE EUR 504.5 MILLION VERSUS EUR 383.9 MILLION YEAR AGO.CONFIRMS ITS TARGETS FOR 2018.AVERAGE FINANCIAL OCCUPANCY RATE OF 95.1 PERCENT AT END SEPTEMBER 2018.  Full Article

UPDATE 1-Fifth Wall raises $503 mln from property owners seeking tech edge

NEW YORK, July 17 Fifth Wall, a venture capital firm focused on real estate technology, raised $503 million from a group of 50 large U.S., European and Asian property owners who will provide a market for the start-ups and their products it invests in.