Q3 2024 Gecina SA Earnings Call Transcript

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Oct 17, 2024

Oct 17, 2024 / 07:00AM GMT
Operator

Hello, and welcome to the Gecina Business at September 30, 2024. My name is Laura, and I will be your coordinator for today's event. Please note, this call is being recorded. (Operator Instructions)

Today, we have the CEO, Benat Ortega; joined by Deputy CEO in Charge of Finance, Nicolas Dutreuil as our presenters. I will now hand you over to your host, Benat Ortega, to begin today's conference. Thank you.

Benat Ortega - Gecina SA - Chief Executive Officer, Executive Director

Good morning. Thank you for being with us today. Very happy to have the opportunity to present those -- this business update for Q3 2024 and answer your questions, obviously.

During this first nine months, gross rental income is up by 6.7% like for like, mainly driven by indexation, the effect of indexation, plus 5.4%, but also the contribution of reversion captured on new leases, a contribution of 1%.

Obviously, we have continued to get a significant rental reversion from our office business, plus 14% overall and even better in Paris at 28% during those three

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