Gecina Q1 LFL Rental Income Up 2.3%; Confirms 2026 Guidance

Gecina reported Q1 rental income of 176.0 million euros, with like-for-like growth of 2.3%. Organic growth was 1.5% for offices and 7.5% for residential, indicating continued underlying improvement despite current-basis rental income declining 2.2% year over year due to the active resident portfolio.

Analysis

Gecina reported Q1 rental income of 176.0 million euros, with like-for-like growth of 2.3%. Organic growth was 1.5% for offices and 7.5% for residential, indicating continued underlying improvement despite current-basis rental income declining 2.2% year over year due to the active resident portfolio.