Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Gecina SA is a leading French real estate investment trust (SIIC) that owns, manages, and develops a prime portfolio of office and residential properties valued at approximately €17.4 billion as of December 31, 2024. Strategically concentrated in the central areas of Paris and the Paris Region, its holdings encompass 1.2 million square meters of high-quality office space and over 9,000 residential units, including apartments and student residences. Gecina integrates comprehensive real estate expertise to deliver sustainable living and working environments, emphasizing operational excellence, user-centric services through its YouFirst brand, and dynamic asset management that fosters vibrant urban communities. The company maintains a portfolio allocation of around 80% offices and 20% residential assets, with a strong focus on prime locations in Île-de-France, where nearly 97% of its properties are situated. Committed to social responsibility, Gecina supports initiatives via the Fondation Gecina in areas like disability inclusion, environmental protection, cultural heritage, and housing access, while earning top rankings in sustainability assessments from GRESB, Sustainalytics, and others. Listed on Euronext Paris and included in major indices such as SBF 120 and CAC Next 20, Gecina employs 473 people and plays a pivotal role in France's commercial real estate sector.
75.28% operating margin is above average. ROIC at 3.71%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue growth slowed to 1.8%, essentially flat. This is a business that needs a catalyst.
Free cash flow declined 438% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -€491M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€859M
▲ +1.8% YoY
Net Income (TTM)
€450M
▲ +44.8% YoY
Op. Margin
75.28%
▲ +10.0pp YoY
ROIC
3.71%
▲ +0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€491M
▼ -438.1% YoY
Op. Cash Flow (TTM)
€510M
▲ +16.1% YoY
Net Debt
€6.80B
Cash & Equiv.
€78M
3Y CAGR: +3.9%
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