GECINA - REFERENCE DOCUMENT 2017

KEY FIGURES

Change +3.5% 15.2% +19.6%

2016 540.0 372.9 106.8

2017 558.9 429.4 127.8

In € million

Gross rental income

Offices

Paris CBD & 5-6-7 - Offices ■ Paris CBD & 5-6-7 - Retail ■

-1.5%

35.4 59.7

35.9 47.2

Paris other ■

+26.6%

-3.4%

142.3

147.3

Western Crescent - La Défense ■

Other Paris Region ■

+30.7% +463.7%

41.4 22.8

31.7

Other regions (incl, other countries) ■

4.0

Residential

-2.9%

124.1

127.8

Other activities

n.a. n.a.

5.4 0.0

0.0

Healthcare

39.4

NET RECURRING INCOME - GROUP SHARE (1) VALUE IN BLOCK OF PROPERTY HOLDING (2)

+4.6% +61.4% +65.4% +76.6% +10.2% +114.7% +33.9% +83.2% +328.1% +19.5%

363.5

347.4

19,648 15,752

12,171 9,526 2,702 1,298 1,218 3,399

Offices

Paris CBD & 5-6-7 - Offices ■ Paris CBD & 5-6-7 - Retail ■

4,772 1,430 2,614 4,551 1,130 1,256 3,160

Paris other ■

Western Crescent - La Défense ■

Other Paris Region ■

617 293

Other regions (incl, other countries) ■

Residential

2,644

Other activities

n.a. n.a. N.A.

254 482

0 0

Hotels & financial lease

NET YIELD ON PROPERTY HOLDING (3)

4.39%

4.59%

Data per share in €

Change +1.3% +18.9% +4.7%

2016 (6)

2017

Net recurring income - Group share

5.44

5.37

EPRA NNNAV (4) Net dividend (5)

152.9

128.7 5.06 (7)

5.30

Number of shares

Variation

2016

2017

Number of shares comprising share capital as at December 31 Number of shares excluding treasury stocks as at December 31 Diluted number of shares excluding treasury stocks as at December 31

+18.8% 75,363,444 +16.1% 73,193,833 +15.9% 73,454,892 +6.1% 66,783,047

63,434,640 63,062,096 63,402,484

Average number of shares excluding treasury stocks 62,959,735 EBITDA less net financial expenses, recurring tax and some expenses of an exceptional nature (See note 2.1.3 Recurrent net income) (1) See note 2.3. “Valuation of property holding”. (2) Current basis 2017. (3) See note 2.5. “Triple Net Asset Value”. (4) Dividend 2017 submitted for approval by General Meeting 2018. (5) Post adjustment of preferential subscription rights distribution linked to the share capital increase of August 2017 (adjustment factor of 0.97391), (6) according to IAS 33. Dividend paid for the 2016 financial year amounted €5.20. (7)

CSR*

Change

2016

2017

Strategic priority 1: % of office buildings that promote occupants' productivity more than a standard building on the market Strategic priority 2: % of greenification of plots in the proprety portfolio in bare land equivalents Strategic priority 3: Change in GHG emissions compared to 2008 (in kgCO 2 /sq.m/yr) Offices ■

+13.8%

80.8%

71.0%

+8.0%

50.2%

46.5%

n.a. n.a.

-36.1% -24.0%

-31.2% -19.1%

Residential ■

Perimeter: Gecina assets excluding Eurosic. *

4 GECINA - REFERENCE DOCUMENT 2017

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