(AOF) – Gecina posted gross rents in the third quarter of 2023 up 7.3% on a current basis and 6.1% on a constant basis at 496.90 million euros. The property company specifies that the progressive effects of the acceleration of indexation contribute to this growth by +4.6% and the increase in the occupancy rate by +0.7%. The capture of rental reversion, both for offices and housing, also contributes +0.8% to the organic growth in rents.
“This favorable dynamic makes it possible to envisage a like-for-like growth rate for office rents of around +6% over the year 2023,” explains Gecina.
The property company has confirmed its 2023 outlook: recurring net profit, group share, is expected between 5.9 and 6.0 euros per share over the year, an increase of 6% to 8%. “Since the start of the year, Gecina has rented, re-let or renegotiated nearly 136,000 square meters, representing nearly 85 million euros in headline rents, including 52,000 square meters in the third quarter,” Gecina said.
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