Gecina: Accessing the 2024 Universal Registration Document

Gecina, a leading operator in the real estate sector, has made its 2024 Universal Registration Document (URD) available to the public. The URD, which includes the Annual Financial Report and the Integrated Report, provides a comprehensive overview of the company's financial performance, corporate governance, and sustainability initiatives. Investors and stakeholders can now access this document to gain insights into Gecina's operations and future prospects.



The 2024 URD highlights Gecina's strong financial performance, with recurrent net income per share (Group share) increasing by +6.7% to €6.42, above guidance. This growth was driven by a solid +6.3% like-for-like rental growth, reflecting a high level of indexation and rental uplift in ever-polarized markets. Gecina's portfolio strategy, which focuses on prime and central assets, has contributed to this success, as the return to the office in modern well-located assets has been confirmed.

Gecina's balance sheet remains strong, with a loan-to-value (LTV) ratio of 35.4%, which is expected to improve to 32.7% when the disposals secured are completed. The company's recently confirmed best-in-class A-/A3 rating ensures the best financial conditions, with an average cost of debt at 1.2% (drawn debt). Gecina's optimized hedging profile provides strong visibility on the cost of debt, with c. 100% hedged on 2025-2026 and 85% over the next 5 years based on end-2024 debt, adjusted for disposals to date.

The company's commitment to sustainability is evident in its energy and carbon performance. Gecina achieved a -4.2% reduction in energy consumption (-31% since 2019) and a -12.3% decrease in carbon emissions (-60% since 2019). These efforts demonstrate Gecina's dedication to reducing its environmental impact while maintaining strong financial performance.

Gecina's 2024 dividend was increased by +15 cts to €5.45 per share, to be submitted at the Shareholders' General Meeting. The company expects recurrent net income (Group share) between €6.60 to €6.70 per share in 2025, reflecting another year of growth with +2.8%/+4.4% vs. 2024.

Investors and stakeholders can access the 2024 Universal Registration Document on Gecina's website () or the French securities regulator's website (). The document is also available free of charge upon request by mail, email, or phone. By accessing the URD, investors can make informed decisions about Gecina's future prospects and the company's commitment to sustainable growth.