GFC Stock Analysis: Gecina | PA
REIT - Office | PA, France | Market Cap: 5.392m EUR | 12M Return: -7.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 13.1M
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Gecina is a French real estate investment trust (SIIC) listed on Euronext Paris under the ticker GFC, classified as an Office REIT. The company owns, manages, and develops a prime portfolio of office and residential assets concentrated in central Paris and the Paris Region, with a portfolio value of €17.6bn as of December 31, 2025. Its asset base spans 1.2 million sq.m of office space and approximately 5,300 residential units. The European office REIT sector is characterized by long lease structures, geographic concentration in major urban centers, and sensitivity to interest rate movements, all of which are central to Gecinas profile.
Operating under the YouFirst brand, Gecina differentiates itself through integrated property and asset management, tenant-focused services, and a foundation that supports disability inclusion, environmental protection, cultural heritage, and housing access. The company is a constituent of the SBF 120, CAC Next 20, and CAC Large 60 indices, and is recognized across major sustainability benchmarks (GRESB, Sustainalytics, MSCI, ISS-ESG, and CDP), with a stated commitment to sharply reducing carbon emissions by 2030. Gecina was incorporated on February 10, 1959, in France.
- Paris prime office occupancy and rents drive recurring income growth
- ECB rate cuts lower debt costs and lift property valuations
- Residential portfolio expansion diversifies revenue beyond offices
| Net Income: 447.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -3.55 > 1.0 |
| NWC/Revenue: -263.9% < 20% (prev -59.80%; Δ -204.1% < -1%) |
| CFO/TA 0.03 > 3% & CFO 479.0m > Net Income 447.9m |
| Net Debt (6.85b) to EBITDA (446.1m): 15.36 < 3 |
| Current Ratio: 0.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (73.9m) vs 12m ago 0.06% < -2% |
| Gross Margin: 75.20% > 18% (prev 84.11%; Δ -8.91% > 0.5%) |
| Asset Turnover: 4.86% > 50% (prev 4.77%; Δ 0.09% > 0%) |
| Interest Coverage Ratio: 4.89 > 6 (EBIT TTM 438.6m / Interest Expense TTM 89.8m) |
| A: -0.13 (Total Current Assets 212.0m - Total Current Liabilities 2.52b) / Total Assets 18.0b |
| B: 0.02 (Retained Earnings 448.2m / Total Assets 18.0b) |
| C: 0.02 (EBIT TTM 438.6m / Avg Total Assets 18.0b) |
| D: 1.42 (Book Value of Equity 10.6b / Total Liabilities 7.44b) |
| Altman-Z'' = 0.90 = B |
| DSRI: 0.85 (Receivables 47.2m/54.3m, Revenue 873.1m/854.1m) |
| GMI: 1.12 (GM 84.11% / 75.20%) |
| AQI: 1.07 (AQ_t 0.98 / AQ_t-1 0.92) |
| SGI: 1.02 (Revenue 873.1m / 854.1m) |
| TATA: -0.00 (NI 447.9m - CFO 479.0m) / TA 18.0b) |
| Beneish M = -2.99 (Cap -4..+1) = A |
As of July 18, 2026, the stock is trading at EUR 74.75 with a total of 268,269 shares traded. Over the past week, the price has changed by +3.60%, over one month by +5.69%, over three months by +4.91% and over the past year by -7.63%.
Current recommended Stop Loss: 72.90 (which is 2.5% or 1.4 ATR below the current price).
Gecina has no consensus analysts rating.
P/E Trailing = 12.073
P/E Forward = 10.7296
P/S = 6.2495
P/B = 0.5063
P/EG = 12.2996
Revenue TTM = 873.1m EUR
EBIT TTM = 438.6m EUR
EBITDA TTM = 446.1m EUR
Long Term Debt = 4.74b EUR (from longTermDebt, last quarter)
Short Term Debt = 2.09b EUR (from shortTermDebt, last quarter)
Debt = 6.93b EUR (from shortLongTermDebtTotal, last quarter) + Leases 49.3m
Net Debt = 6.85b EUR (calculated: Debt 6.93b - CCE 77.9m)
Enterprise Value = 12.2b EUR (5.39b + Debt 6.93b - CCE 77.9m)
Interest Coverage Ratio = 4.89 (Ebit TTM 438.6m / Interest Expense TTM 89.8m)
EV/FCF = -24.95x (Enterprise Value 12.2b / FCF TTM -490.8m)
FCF Yield = -4.01% (FCF TTM -490.8m / Enterprise Value 12.2b)
FCF Margin = -56.21% (FCF TTM -490.8m / Revenue TTM 873.1m)
Net Margin = 51.30% (Net Income TTM 447.9m / Revenue TTM 873.1m)
Gross Margin = 75.20% ((Revenue TTM 873.1m - Cost of Revenue TTM 216.5m) / Revenue TTM)
Gross Margin QoQ = 83.22% (prev 68.37%)
Tobins Q-Ratio = 0.68 (Enterprise Value 12.2b / Total Assets 18.0b)
Interest Expense / Debt = 1.30% (Interest Expense 89.8m / Debt 6.93b)
Taxrate = 0.33% (1.50m / 450.5m)
NOPAT = 437.1m (EBIT 438.6m * (1 - 0.33%))
Current Ratio = 0.08 (Total Current Assets 212.0m / Total Current Liabilities 2.52b)
Debt / Equity = 0.66 (Debt 6.93b / totalStockholderEquity, last quarter 10.6b)
Debt / EBITDA = 15.36 (Net Debt 6.85b / EBITDA 446.1m)
Debt / FCF = -13.96 (negative FCF - burning cash) (Net Debt 6.85b / FCF TTM -490.8m)
Total Stockholder Equity = 10.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.49% (Net Income 447.9m / Total Assets 18.0b)
RoE = 4.29% (Net Income TTM 447.9m / Total Stockholder Equity 10.4b)
RoCE = 2.89% (EBIT 438.6m / Capital Employed (Equity 10.4b + L.T.Debt 4.74b))
RoIC = 2.49% (NOPAT 437.1m / Invested Capital 17.5b)
WACC = 3.27% (E(5.39b)/V(12.3b) * Re(5.82%) + D(6.93b)/V(12.3b) * Rd(1.30%) * (1-Tc(0.00)))
Discount Rate = 5.82% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 63.29 | Cagr: 0.04%
[DCF] Fair Price = unknown (Cash Flow -490.8m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 91.78 | Revenue CAGR: 2.92% | SUE: 0.93 | # QB: 1
EPS current Year (2026-12-31): EPS=6.73 | Chg30d=+0.06% | Revisions=-17% | GrowthEPS=+0.7% | GrowthRev=+1.0%
EPS next Year (2027-12-31): EPS=6.73 | Chg30d=+0.07% | Revisions=-17% | GrowthEPS=+0.0% | GrowthRev=+1.9%
[Analyst] Revisions Ratio: -22% (up=2, down=4)