2024-05-11 08:58:24 ET
Summary
- Gecina is a French REIT with a 5%+ yield and an A- rating, primarily focused on office properties in Paris.
- The company has strong financials, high rental growth, and a solid occupancy rate in the Parisian CBD.
- The latest results for the first quarter of 2024 show positive trends, with high rental income and continued demand in the CBD.
Dear readers/followers,
Since my last article on the French REIT Gecina ( GECFF ), the company has outperformed. You may be hesitant to invest in France or even in Europe, but I believe in doing so you're doing a disservice to your investment portfolio. We have the last results for 2023, and now the latest results for the first quarter of the company, which I will review as of this article. The results here were quite positive, and I believe another confirmation of the upside to this particular business.
What is Gecina?
Gecina is a French REIT with a 5%+ yield, that's rated at A-. It has office properties, which makes this actually one of the extremely few REIT businesses in the office property segment with an A rating from S&P Global. The company has a large portfolio of Parisian real estate, primarily office spaces, and has strong institutional investors....
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For further details see:
Gecina: You Need To Look At This French REIT