Gecina maintains its annual profit target after an increase in revenues to 9M | Photo credits: Gecina / CC BY-NC-SA 4.0
PARIS (Agefi-Dow Jones)–Gecina on Thursday confirmed its target for net recurring income (RRN) per share for this year, after having published gross rents up over nine months on a like-for-like basis.
The leading office property company is still targeting recurring net income (RRN) per share of 5.55 euros for the 2022 financial year, which represents an increase of 4.3% compared to 2021.
Gecina explains that this objective is confirmed in a “context of good operational performance, and despite a rise in interest rates faster than expected”.
Economists surveyed by FactSet expect an average RRN of 5.52 euros per share in 2022.
For the first nine months of the year, the property company’s gross rents stood at 463.2 million euros, a very slight increase of 0.3% on a current basis compared to the same period in 2021. Like-for-like, gross rents increased by 4%.
“The performances achieved at the end of September 2022 reflect the good performance of Gecina’s preferred rental markets, with an increase in rental values and the occupancy rate of assets, as well as the gradual recovery of indexation”, commented the group. in a press release.
-Vincent Alsuar, Agefi-Dow Jones; +33 (0)1 41 27 47 39; [email protected] ed: ECH
GECINA FINANCIAL RELEASES:
http://www.gecina.fr/fr/investors/publications-et-communiques.html
Agefi-Dow Jones The financial newswire
Dow Jones Newswires
October 20, 2022 12:24 ET (16:24 GMT)