Q1 2025 Gecina SA Earnings Call Transcript

Apr 17, 2025 / 07:00 AM GMT

Release Date Price: €89.55

Transcript

Key Points

Positve

Gross rental income increased by 3.6% in Q1 2025, driven by like-for-like growth and new asset contributions.
The company achieved a 9% overall rental uplift, with significant increases in Paris City (17%) and Paris CBD (27%).
Occupancy is expected to improve gradually over the coming quarters, indicating positive future prospects.
The student housing disposal project is on track and expected to close in the first half of 2025 as scheduled.
Gecina Nom (GECFF) confirmed its guidance for 2025, demonstrating confidence in its business model and future performance.

Negative

Like-for-like rental growth in other locations was down by 25%, indicating challenges outside prime areas.
The company faces tenant departures in certain locations, impacting cash flow negatively.
The investment market remains less liquid outside of Paris and for larger schemes, posing challenges for asset allocation.
There are rising concerns about increasing vacancy rates in Paris CBD, which could impact future leasing activities.
Indexation is expected to decrease progressively, potentially affecting future rental income growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GFCP.PA - Gecina SA
Q1 2025 Gecina SA Earnings Call
Apr 17, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to the Jaina Q1 2025 business activity. My name is Laura, and I will be your coordinator for today's event. Please note this call is being recorded and for the duration of the call, your lines will be on listen and remote. However, You will have the opportunity to ask questions at the end of the call. This can be done by pressing on your telephone keypad to register your questions. If you require assistance at any point, please press 0 and you will be connected to an operator.

Today we have Pennyard Ortega, CEO, and Nicola Durell, deputy CEO in charge of finance as our presenters. I will now hand you over to your host, Pennyard Ortega to begin today's conference.

Thank you.

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