PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- PIE Property Debt Breakfast
20 June 2012
London
French Gecina 1Q profit down on debt costs
06 May 2011, 03:57 PM
French REIT/SIIC Gecina saw recurrent income fall 7.6% to ¤83.7m in first quarter due to higher financial charges but rental income was stable. The group, controlled by Spain’s Metrovacesa, said the decline is consistent with its forecast for a 7% contraction over the year and results from a significant increase in financial expenses, which jumped 24%.
Similar articles:
- French Gecina achieves bulk of ¤500m residential sales
- French Gecina ¤650m bond issue to broaden financing
- Spain’s Metrovacesa dives to 1Q loss after debt refinancing
- French Gecina to be net seller in 2011 after CEO change
- Gecina ¤209m Paris sale in line with 2011 target
- French Gecina net falls 59%, plans further disposals
- Spain’s Metrovacesa in ¤1.95bn debt-equity swap
- French Gecina to boost disposals after CEO change
- French Gecina doubles net profit but recurrent income falls
- French Gecina to cut housing further, Rivero not replaced
For more Property Investor Europe news, click thru to our News archive.