)
Gecina (GFC) investor relations material
Gecina Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong operational and financial growth in 2025, with EPS up 4.2% year-over-year and a 26% increase since 2021, driven by revenue growth, disciplined cost management, and robust leasing activity, especially for prime, centrally located assets.
Doubled office leasing performance versus 2024, letting 150,000 sq.m at an average +8% rental uplift; residential leasing also surged, with over 1,700 leases signed, tripling last year's figure.
Dividend per share rose to €5.50, reflecting a 7% yield and 82% payout, with further growth expected and a second consecutive year of increase.
Active portfolio rotation: €1.0bn of disposals at 3.2% yield, reinvested into €0.6bn of acquisitions at ~6.1% yield and €0.2bn into development at 5.8% yield.
Exceeded 2025 CSR milestones, reducing energy consumption by 33% and carbon emissions by 63% since 2019.
Financial highlights
Like-for-like rent growth of 3.8% and consolidated revenue growth of 2.6% year-over-year, outperforming indexation.
EBITDA and recurring net income up over 4% year-over-year; since 2021, these metrics have risen nearly 25%.
Asset values increased 2.3% like-for-like, with Paris CBD and Neuilly offices up 4.6% and 5.5% respectively.
Annualized rental income at €708m, down €17m from prior year due to disposals and redevelopment, partially offset by new deliveries and acquisitions.
G&A costs down 4% year-over-year; cost ratio improved by 270 basis points since 2021.
Outlook and guidance
2026 EPS guidance: €6.70–6.75 per share (+0.2% to +1.0% vs. 2025), with low indexation and continued market bifurcation.
Dividend proposal of €5.5 per share, a 7% yield with an 82% payout ratio; gradual dividend growth expected through 2030 as pipeline projects are delivered and leased.
Medium-term dividend payout ratio targeted at 80-85%.
Four flagship pipeline projects and the repositioning of T1 Tower to drive future growth, with full impact expected by 2028-2029.
New 2030 CSR targets: carbon emissions below 5.5 kg CO2/sq.m/year and net-zero carbon at delivery for developments.
Next Gecina earnings date
Next Gecina earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)