Gecina: recurrent net income per share down 4% in 2020
(CercleFinance.com) - The real estate company Gecina has reported a 3.
9% decline in 2020 recurrent net income per share to 5.72 euros, EPRA Net Tangible Assets (NTA) of 170.1 euros per share (-1.7% year-on-year) at the end of December, and a 2.3% LFL increase in rental income at constant exchange rates.
A stable dividend of 5.30 euros per share will be proposed at the General Shareholders Meeting for 2020, to be paid in cash, and representing a dividend yield of around 4.5%, with an interim dividend of 2.65 euros to be paid in early March, with the balance in July.
The company estimates that, in particular due to the impact of sales completed in 2020 and a slowdown in indexation in 2021, recurrent net income (group share) is expected to decline in 2021 to around 5.3 euros.
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