Gecina: share falls despite a record Q3
(CercleFinance.com) - Gecina's shares fell in Paris on Thursday, despite the fact that the real estate company last night reported "record" rental activity for Q3.
LFL, the real estate group's rental income rose by 7.3% to E496.9m in the first 9m of 2023, accelerating compared with 2022 (+2%).
LFL, the acceleration in performance exceeds that published at end-2022, with overall rental growth of 6.1% compared with +4.4% at the end of last year.
Berenberg analysts, who are buyers of the stock, say that these good figures provide a solid base for FY 2024.
Gecina has confirmed its forecast of net recurring EPS of E5.9 to E6 in 2023, up 6% to 8%.
Despite this solid publication, Gecina shares lost 0.9% on Thursday morning in Paris and have fallen by 3% YTD.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
LFL, the real estate group's rental income rose by 7.3% to E496.9m in the first 9m of 2023, accelerating compared with 2022 (+2%).
LFL, the acceleration in performance exceeds that published at end-2022, with overall rental growth of 6.1% compared with +4.4% at the end of last year.
Berenberg analysts, who are buyers of the stock, say that these good figures provide a solid base for FY 2024.
Gecina has confirmed its forecast of net recurring EPS of E5.9 to E6 in 2023, up 6% to 8%.
Despite this solid publication, Gecina shares lost 0.9% on Thursday morning in Paris and have fallen by 3% YTD.
Copyright (c) 2023 CercleFinance.com. All rights reserved.