Gecina reported a 4.3% increase in gross rents to 173.8 million euros for the first quarter of 2024, including a 6.2% rise on a like-for-like basis thanks to indexation (+5.2%) and rental reversion (+1.2%).

In particular, the real estate group boasts significant captured rental reversion over the period (+16% overall for the office segment), mainly in the heart of Paris, as well as an overall stable occupancy rate of 94.3%.

Gecina continues to anticipate net recurring earnings per share of between €6.35 and €6.40 in 2024, an increase of between +5.5% and +6.5%, an outlook 'underpinned by a solid balance sheet and favorable momentum in rental markets'.

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