Revenue distribution by sector:

• Office properties: approx. 80%
• Residential properties: approx. 15%
• Other (e.g. retail): approx. 5%

TOP 3 markets and their percentage shares:

• Paris: approx. 60%
• Île-de-France (outside Paris): approx. 30%
• Other French cities: approx. 10%

Gecina is heavily focused on the office real estate sector, with the majority of revenues coming from rental income of office buildings. Paris and the surrounding Île-de-France region are the company's main markets, highlighting the strategic focus on central and economically significant locations. Residential properties and other segments play a smaller role in the overall portfolio.

Production: No specific production sites

Gecina is a French real estate company specializing in the management and development of office and residential properties. Since Gecina does not manufacture physical products, but owns and manages real estate, there are no production sites in the traditional sense.

The company focuses on the real estate market, particularly in urban areas such as Paris and the Île-de-France region, where it develops and manages its real estate projects.

Strategy for Future Growth:

Gecina pursues a strategy focused on sustainability and innovation.

The company aims to further diversify its real estate portfolios and increase the share of environmentally friendly buildings. This includes investments in energy-efficient technologies and the renovation of existing properties to reduce CO2 emissions.

Additionally, Gecina plans to strengthen its presence in urban centers, especially in cities with high growth potential. This will be achieved through strategic acquisitions and the development of new projects.

Another focus is on improving tenant satisfaction through digital services and flexible space solutions to meet the changing needs of tenants.

Main materials: Steel, concrete, glass, wood

Countries of origin: Germany, Italy, Spain, China

Gecina, as a leading real estate company in France, mainly imports building materials such as steel, concrete, glass, and wood for its construction and renovation projects. These materials are essential for the construction of office buildings and residential properties.

Germany and Italy are significant suppliers of steel and glass, while concrete is often sourced from Spain. China plays an important role in supplying cost-effective building materials, especially glass and steel products.

These import strategies enable Gecina to source high-quality materials at competitive prices, which is crucial for maintaining its market leadership in the European real estate sector.

Market Capitalization: 9.5 billion euros (estimated for 2025)
Real Estate Portfolio Value: 20 billion euros (estimated for 2025)
Average Rental Yield: 4.2% (estimated for 2025)

Gecina is one of the leading real estate companies in France, specializing in office and residential properties. Gecina's competitive advantage lies in several areas:

Firstly, Gecina has a high-quality and diversified real estate portfolio, mainly located in prime areas in Paris and its surroundings. This strategic positioning allows the company to benefit from stable rental demand and high rental prices.

Secondly, Gecina, due to its size and market presence, has access to favorable financing options, enabling the company to continuously invest in the modernization and expansion of its portfolio. This strengthens its competitiveness against smaller market participants.

Furthermore, Gecina focuses on sustainable real estate development and management, which is gaining increasing importance in the industry. This can be seen as a differentiating factor that attracts potential tenants and investors who value environmental responsibility.

Overall, Gecina's competitive advantage is strong, supported by its strategic location, financial strength, and focus on sustainability.

Institutional Investor Share: approx. 70% (estimated for 2025)

Insider Purchases/Sales: No significant changes known (as of 2025)

The institutional investor share at Gecina is traditionally high, as it is an established real estate company known for stable returns. These investors appreciate the long-term security and dividend yield that Gecina offers.

Regarding insider purchases or sales, no significant transactions are known that would indicate a change in corporate strategy or market confidence. Such information is regularly published in the annual reports and by the French financial market authority.

Market share of Gecina: 12% (2025, estimated)

Top competitors and their market shares:

1. Unibail-Rodamco-Westfield: 18%
2. Vonovia: 15%
3. Gecina: 12%
4. Covivio: 10%
5. Klepierre: 9%
6. Icade: 8%
7. Merlin Properties: 7%
8. LEG Immobilien: 6%
9. Deutsche Wohnen: 5%
10. Aroundtown: 4%

Moat of Gecina: Gecina has a significant moat due to its strong presence in the Parisian real estate market, which is considered one of the most dynamic and valuable real estate markets in Europe. This geographical concentration provides Gecina with a strategic advantage as the demand for high-quality office and residential properties in Paris remains consistently high.

In comparison to competitors, Unibail-Rodamco-Westfield has a broader international footprint, representing a diversified moat. Vonovia and Deutsche Wohnen benefit from their strong positions in the German residential real estate market, characterized by stable rental yields and high demand.

However, Gecina's focus on sustainability and innovative office real estate projects in Paris could potentially create a stronger moat in the long term, especially if the trend towards environmentally friendly and modern work environments continues.

Revenue growth: 3.5% (2024) FFO growth: 4.2% (2024) Vacancy rate: 5.8% (2024)

Gecina, as one of the leading real estate investors in France, shows a moderate revenue growth of 3.5% in 2024. This indicates stable demand for their office and residential properties. The growth of Funds from Operations (FFO) by 4.2% in the same period is a positive signal, as it demonstrates the company's ability to continuously generate income from its property portfolio.

The vacancy rate of 5.8% is relatively low compared to the industry, indicating an effective leasing strategy and high attractiveness of the properties. This is an important indicator of rental income stability and real estate management efficiency.

Overall, Gecina's financial performance suggests a solid foundation that could be attractive to investors, especially those interested in stable and long-term returns. Investing in Gecina could therefore be a good option for investors seeking stable returns in the real estate sector.

Dividend Yield: 4.5% (2024)

Gecina is known for pursuing a stable dividend policy. In 2024, the dividend yield was approximately 4.5%, which is competitive compared to other real estate companies in the European market.

The reliability of Gecina's dividend payments is high, as the company has a solid balance sheet and stable cash flows. This allows Gecina to pay dividends even in economically challenging times. Historically, Gecina has regularly paid dividends and increased them steadily over the years, strengthening investor confidence.