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Last update at 2024-12-18T20:00:00Z
Gecina: Continuous Rental Growth Materialized
Wed 16 Oct 24, 04:30 PMAppointment of a Director on Gecina’s Board of Directors
Wed 16 Oct 24, 04:29 PMGecina: Conditions for Accessing or Consulting the 2024 Half-Year Report
Thu 25 Jul 24, 08:59 AMGecina: Earnings at June 30, 2024
Tue 23 Jul 24, 06:19 PMBreakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Income before tax | 170.82M | 852.46M | 144.77M | 1521.03M | 1012.66M |
Minority interest | 2.15M | -1.32300M | 26.58M | 27.35M | 29.43M |
Net income | 169.58M | 849.29M | 154.83M | 1515.29M | 1004.99M |
Selling general administrative | 23.53M | 24.54M | 35.99M | 92.97M | 26.94M |
Selling and marketing expenses | - | - | - | - | - |
Gross profit | 583.56M | 572.21M | 609.74M | 706.42M | 704.93M |
Reconciled depreciation | 4.97M | 11.79M | 84.58M | 16.53M | 18.88M |
Ebit | 476.26M | 470.38M | 493.58M | 531.39M | 510.97M |
Ebitda | 276.47M | 953.19M | 324.03M | 1639.55M | 1130.77M |
Depreciation and amortization | - | - | - | - | - |
Non operating income net other | - | - | - | - | 0.00000M |
Operating income | 482.43M | 465.88M | 489.52M | 527.50M | 572.07M |
Other operating expenses | 66.57M | 67.21M | 7.10M | -0.38800M | 88.34M |
Interest expense | 95.78M | 88.93M | 94.68M | 101.99M | 99.24M |
Tax provision | 3.38M | 1.85M | -9.57100M | 4.14M | 5.69M |
Interest income | 12.13M | 6.70M | 3.55M | 0.00000M | 5.12M |
Net interest income | -87.13900M | -82.25700M | -91.04300M | -101.94000M | -93.79800M |
Extraordinary items | - | - | - | - | 0.00000M |
Non recurring | - | - | - | - | 0.00000M |
Other items | - | - | - | - | 0.00000M |
Income tax expense | 3.38M | 1.85M | -9.57100M | 4.14M | 5.69M |
Total revenue | 765.14M | 755.30M | 817.83M | 688.20M | 911.27M |
Total operating expenses | 282.71M | 289.43M | 328.31M | 160.70M | 339.20M |
Cost of revenue | 181.58M | 183.09M | 208.09M | -18.22300M | 206.34M |
Total other income expense net | - | - | - | 993.53M | 501.69M |
Discontinued operations | - | - | - | - | 0.00000M |
Net income from continuing ops | 167.44M | 850.62M | 154.34M | 1516.89M | 1006.97M |
Net income applicable to common shares | 169.58M | 849.29M | 155.07M | 1515.29M | 1004.99M |
Preferred stock and other adjustments | - | - | - | - | 0.00000M |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Total assets | 20677.86M | 20439.03M | 20249.62M | 20454.81M | 19708.97M |
Intangible assets | 13.53M | 10.61M | 9.00M | 7.02M | 6.63M |
Earning assets | - | - | - | - | - |
Other current assets | 63.25M | 72.84M | 67.51M | 85.51M | 114.88M |
Total liab | 7896.94M | 7455.83M | 7748.72M | 7728.23M | 7957.72M |
Total stockholder equity | 12757.24M | 12956.33M | 12474.33M | 12699.22M | 11721.81M |
Deferred long term liab | - | - | - | - | 0.00000M |
Other current liab | 288.94M | 285.60M | 248.92M | 260.14M | 308.93M |
Common stock | 574.67M | 574.30M | 573.95M | 573.08M | 572.00M |
Capital stock | 574.67M | 574.30M | 573.95M | 573.08M | 572.00M |
Retained earnings | 169.58M | 849.29M | 155.07M | 1515.29M | 1004.99M |
Other liab | 91.18M | 100.31M | 100.18M | 37.33M | 38.88M |
Good will | 183.22M | 184.66M | 191.08M | 196.13M | 207.69M |
Other assets | 331.33M | 124.75M | 132.53M | 147.80M | 187.00M |
Cash | 50.57M | 15.10M | 174.12M | 37.85M | 31.69M |
Cash and equivalents | - | - | - | - | - |
Total current liabilities | 2305.22M | 2131.10M | 1970.53M | 2240.53M | 2532.35M |
Current deferred revenue | - | - | - | - | - |
Net debt | 7176.72M | 6897.91M | 7050.20M | 7245.64M | 7454.89M |
Short term debt | - | - | - | 221.91M | 0.00000M |
Short long term debt | 1929.04M | 1743.83M | 1612.88M | 221.91M | 2103.92M |
Short long term debt total | - | - | - | - | - |
Other stockholder equity | 8709.10M | 8232.73M | 8452.50M | 7328.96M | 6871.52M |
Property plant equipment | 19574.88M | 19617.80M | 19094.34M | 18818.06M | 18195.12M |
Total current assets | 410.56M | 399.22M | 745.09M | 1210.07M | 1039.47M |
Long term investments | - | - | - | 75.53M | 73.05M |
Net tangible assets | 12560.49M | 12761.05M | 12276.91M | 12496.07M | 11507.49M |
Short term investments | - | - | - | - | 0.00000M |
Net receivables | 89.23M | 101.47M | 131.40M | 122.27M | 193.96M |
Long term debt | 5298.24M | 5169.18M | 5611.43M | 5399.90M | 5382.66M |
Inventory | 207.52M | 209.80M | 372.05M | 964.43M | 698.95M |
Accounts payable | 49.19M | 57.06M | 61.46M | 47.60M | 49.60M |
Total permanent equity | - | - | - | - | 0.00000M |
Noncontrolling interest in consolidated entity | - | - | - | - | 0.00000M |
Temporary equity redeemable noncontrolling interests | - | - | - | - | 0.00000M |
Accumulated other comprehensive income | - | - | - | - | 0.00000M |
Additional paid in capital | - | - | - | - | 0.00000M |
Common stock total equity | - | - | - | - | 0.00000M |
Preferred stock total equity | - | - | - | - | 0.00000M |
Retained earnings total equity | - | - | - | - | 0.00000M |
Treasury stock | - | - | - | - | 0.00000M |
Accumulated amortization | - | - | - | - | 0.00000M |
Non currrent assets other | 0.00100M | 0.00100M | 0.00100M | 0.00100M | 0.14M |
Deferred long term asset charges | - | - | - | - | 0.00000M |
Non current assets total | 20267.29M | 20039.81M | 19504.54M | 19244.74M | 18669.49M |
Capital lease obligations | 50.07M | 50.57M | 50.72M | 50.48M | 0.00000M |
Long term debt total | - | - | - | - | 0.00000M |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Investments | -58.28900M | -24.09500M | -1.43500M | -3.73300M | -3.73300M |
Change to liabilities | -9.01900M | -3.51300M | 9.41M | 6.99M | 13.20M |
Total cashflows from investing activities | -265.08600M | 193.90M | 179.74M | 283.17M | 795.61M |
Net borrowings | 320.73M | -304.05300M | -55.71500M | -202.78700M | -1066.10000M |
Total cash from financing activities | -183.25100M | -834.60500M | -548.13200M | -897.35300M | -1467.64100M |
Change to operating activities | -2.62200M | 3.07M | -0.83700M | 2.29M | 20.70M |
Net income | 169.58M | 849.29M | 155.07M | 1515.29M | 1004.99M |
Change in cash | 35.47M | -159.02000M | 136.28M | 6.16M | -90.34100M |
Begin period cash flow | 15.10M | 174.12M | 37.85M | 31.69M | 122.03M |
End period cash flow | 50.57M | 15.10M | 174.12M | 37.85M | 31.69M |
Total cash from operating activities | 483.81M | 481.68M | 504.67M | 620.35M | 581.69M |
Issuance of capital stock | 4.28M | 4.93M | 6.71M | 9.34M | 6.43M |
Depreciation | 9.88M | 11.11M | 9.66M | 13.40M | 13.58M |
Other cashflows from investing activities | 30.76M | 72.30M | -8.71500M | -84.45600M | -127.64600M |
Dividends paid | -390.94900M | -390.30800M | -389.35200M | -405.71600M | 280.23M |
Change to inventory | - | - | - | - | 0.00000M |
Change to account receivables | -17.96400M | 20.42M | 4.33M | 90.83M | -79.14600M |
Sale purchase of stock | -0.01300M | - | 0.00000M | -107.79800M | 0.00000M |
Other cashflows from financing activities | -117.29700M | -145.17400M | -109.78000M | -190.39600M | -127.74100M |
Change to netincome | 341.17M | -396.21400M | 323.52M | -989.47600M | -415.86400M |
Capital expenditures | 4.48M | 360.66M | 277.75M | 550.92M | 405.91M |
Change receivables | - | - | - | - | 0.00000M |
Cash flows other operating | - | - | - | - | 0.00000M |
Exchange rate changes | - | - | - | - | 0.00000M |
Cash and cash equivalents changes | - | - | - | - | 0.00000M |
Change in working capital | -36.81800M | 17.50M | 16.42M | 81.14M | -21.00800M |
Stock based compensation | 4.87M | 4.09M | 4.20M | 2.77M | - |
Other non cash items | 95.37M | 106.03M | 77.00M | 91.88M | 105.75M |
Free cash flow | 114.99M | 121.03M | 226.92M | 69.43M | 175.78M |
Sector: Real Estate Industry: REIT - Office
Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
---|---|---|---|---|---|---|---|---|
GECFF Gecina SA |
- -% | 90.70 | - | 18.42 | 11.51 | 0.70 | 19.50 | -18.1681 |
ARE Alexandria Real Estate Equities Inc |
1.47 1.50% | 99.40 | 93.58 | 16.69 | 7.85 | 1.18 | 11.89 | 21.29 |
BXP Boston Properties Inc |
0.14 0.19% | 74.37 | 36.09 | 44.44 | 4.38 | 2.21 | 8.37 | 14.29 |
VNO Vornado Realty Trust |
-0.075 0.18% | 40.72 | - | 1250.00 | 4.65 | 1.23 | 8.18 | 33.48 |
VNORP Vornado Realty Trust |
- -% | 80.00 | 84.78 | - | 4.39 | - |
As a specialist for centrality and uses, Gecina operates innovative and sustainable living spaces. The Group owns, manages and develops Europe's leading office portfolio, with nearly 97% located in the Paris Region, and a portfolio of residential assets and student residences, with over 9,000 apartments. These portfolios are valued at 18.5 billion euros at end-June 2023. Gecina has firmly established its focus on innovation and its human approach at the heart of its strategy to create value and deliver on its purpose: "Empowering shared human experiences at the heart of our sustainable spaces". For our 100,000 clients, this ambition is supported by our client-centric brand YouFirst. It is also positioned at the heart of UtilesEnsemble, our program setting out our solidarity-based commitments to the environment, to people and to the quality of life in cities. Gecina is a French real estate investment trust (SIIC) listed on Euronext Paris, and is part of the SBF 120, CAC Next 20, CAC Large 60 and CAC 40 ESG indices. Gecina is also recognized as one of the top-performing companies in its industry by leading sustainability benchmarks and rankings (GRESB, Sustainalytics, MSCI, ISS-ESG and CDP).
16 rue des capucines, Paris, France, 75084
Name | Title | Year Born |
---|---|---|
Mr. Benat Ortega | Chief Exec. Officer | 1981 |
Mr. Nicolas Dutreuil | Deputy Chief Exec. Officer in Charge of Fin. | NA |
Mr. Romain Veber | Exec. Director of Investments & Devel.s | 1978 |
Ms. Christine Harne | Exec. Director of HR | 1967 |
Mr. Samuel Henry-Diesbach | Head of Financial Communications | NA |
Mr. Eric Saint-Martin | Head of Asset Management Projects | NA |
Ms. Valerie Britay | Deputy Chief Exec. Officer of the Office Division | 1963 |
Mr. Frederic Vern | Gen. Sec. | NA |
Ms. Régine Willemyns | Director of Financial Communication | NA |
Viviane Carbognani Liotta | Accounts Payable Director | NA |
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