Gecina (FR:GFC)
:GFC
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Gecina
(GFC)
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Rating:59Neutral
Price Target:
€78.00
▲(13.45% Upside)
Action:ReiteratedDate:02/18/26
The score is driven primarily by a mixed financial profile: strong reported margins and stable leverage are tempered by earnings volatility and, most importantly, weakened cash generation with negative free cash flow in 2025. Technicals also weigh on the score given a clear downtrend (price below key moving averages and negative MACD), while valuation is a positive offset thanks to a moderate P/E and a high dividend yield.
Positive Factors
Improved profitability in 2025
Gecina reported materially stronger gross, operating and net margins in 2025 versus 2024. Durable margin improvement increases free operating cash potential from core leasing activities, supports payout capacity and provides a cushion versus cyclical rent or occupancy swings over the next 2–6 months.
Negative Factors
Weakening cash generation; negative FCF
A shift to negative free cash flow in 2025 signals structural pressure on internal funding for capex, developments or distributions. Persistently weak cash conversion raises the probability of increased external financing, dividend pressure or curtailed reinvestment over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability in 2025
Gecina reported materially stronger gross, operating and net margins in 2025 versus 2024. Durable margin improvement increases free operating cash potential from core leasing activities, supports payout capacity and provides a cushion versus cyclical rent or occupancy swings over the next 2–6 months.
Read all positive factors
Gecina (GFC) vs. iShares MSCI France ETF (EWQ)
Market Cap
€4.90B
Dividend Yield6.39%
Average Volume (3M)157.04K
Price to Earnings (P/E)9.4
Beta (1Y)0.53
Revenue Growth3.84%
EPS GrowthN/A
CountryFR
Employees473
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)3.27
Shares Outstanding76,792,336
10 Day Avg. Volume160,856
30 Day Avg. Volume157,045
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)0.57
Price to Sales (P/S)6.97
P/FCF Ratio-12.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€97.75Price Target Upside42.18% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)6.73
Revenue Forecast (FY)€719.38M
Gecina Business Overview & Revenue Model
Company Description
Gecina operates innovative and sustainable living spaces. The Group owns, manages and develops Europe's leading office portfolio, with nearly 97% located in the Paris Region, and a portfolio of residential assets and student residences, with over ...
How the Company Makes Money
Gecina generates revenue primarily through the leasing of its properties. The company earns rental income from long-term leases with businesses and individuals who occupy their office and residential spaces. Additionally, Gecina benefits from prop...
Gecina Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 858.58M | 854.08M | 835.69M | 772.05M | 762.01M |
| Gross Profit | 662.73M | 628.88M | 621.76M | 569.72M | 616.15M |
| EBITDA | 554.91M | 414.63M | -1.69B | 263.77M | 473.11M |
| Net Income | 448.20M | 309.76M | -1.79B | 169.58M | 849.29M |
Balance Sheet | |||||
| Total Assets | 18.02B | 17.92B | 17.65B | 20.68B | 20.44B |
| Cash, Cash Equivalents and Short-Term Investments | 77.94M | 179.04M | 143.72M | 50.57M | 15.10M |
| Total Debt | 6.88B | 6.76B | 6.43B | 7.23B | 6.91B |
| Total Liabilities | 7.44B | 7.40B | 7.05B | 7.90B | 7.46B |
| Stockholders Equity | 10.56B | 10.51B | 10.58B | 12.76B | 12.96B |
Cash Flow | |||||
| Free Cash Flow | -490.78M | 145.18M | 218.03M | 149.61M | 146.73M |
| Operating Cash Flow | 479.02M | 599.85M | 449.17M | 390.86M | 390.15M |
| Investing Cash Flow | -210.09M | -405.94M | 882.93M | -266.16M | 192.59M |
| Financing Cash Flow | -370.03M | -158.58M | -1.24B | -89.23M | -741.76M |
Gecina Technical Analysis
Negative
68.75
Price Trends
72.99
Negative
74.93
Negative
78.94
Negative
Market Momentum
-1.62
Positive
29.88
Positive
10.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:GFC, the sentiment is Negative. The current price of 68.75 is below the 20-day moving average (MA) of 70.70, below the 50-day MA of 72.99, and below the 200-day MA of 78.94, indicating a bearish trend. The MACD of -1.62 indicates Positive momentum. The RSI at 29.88 is Positive, neither overbought nor oversold. The STOCH value of 10.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:GFC.
Gecina Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | €3.55B | 10.97 | 6.03% | 6.49% | 21.24% | 241.67% | |
61 Neutral | €5.84B | 8.50 | 5.11% | 6.37% | 8.36% | ― | |
60 Neutral | €13.63B | 10.47 | ― | 3.80% | 4.09% | ― | |
59 Neutral | €4.90B | 9.41 | 4.93% | 6.39% | 3.84% | ― | |
51 Neutral | €1.46B | -13.56 | -4.49% | 20.25% | -6.91% | 80.39% |
* Real Estate Sector Average
FR:GFC
Gecina
66.30
-14.08
-17.52%
FR:COVH
Covivio Hotels SCA
22.30
1.39
6.67%
FR:COV
Covivio SA
51.55
5.15
11.11%
FR:ICAD
Icade SA
19.14
0.47
2.52%
FR:URW
Unibail Rodamco Westfield
94.68
20.96
28.43%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.