Gecina SA Net Assets
Gecina SA net assets. Based on the latest financial reports, Gecina SA (GFC) has net assets worth €10.58 Billion EUR (≈ $12.37 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€18.02 Billion ≈ $21.06 Billion USD) and total liabilities (€7.44 Billion ≈ $8.70 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See debt-free asset ratio of Gecina SA to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €10.58 Billion |
| % of Total Assets | 58.72% |
| Annual Growth Rate | 4.01% |
| 5-Year Change | -18.53% |
| 10-Year Change | 27.6% |
| Growth Volatility | 13.24 |
Net Assets of Gecina SA (2004–2025)
Net assets of Gecina SA from 2004 to 2025. This chart illustrates how Gecina SA's net assets have evolved over time, based on quarterly financial data. Also explore how fast is Gecina SA growing its equity to track the company's year-over-year net asset growth rate.
Annual Net Assets for Gecina SA (2004–2025)
The table below shows the annual net assets of Gecina SA from 2004 to 2025. For live market cap and overall valuation, see Gecina SA market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €10.58 Billion ≈ $12.37 Billion |
+0.53% |
| 2024-12-31 | €10.52 Billion ≈ $12.30 Billion |
-0.73% |
| 2023-12-31 | €10.60 Billion ≈ $12.39 Billion |
-17.07% |
| 2022-12-31 | €12.78 Billion ≈ $14.94 Billion |
-1.56% |
| 2021-12-31 | €12.98 Billion ≈ $15.18 Billion |
+3.86% |
| 2020-12-31 | €12.50 Billion ≈ $14.61 Billion |
-1.77% |
| 2019-12-31 | €12.73 Billion ≈ $14.88 Billion |
+8.30% |
| 2018-12-31 | €11.75 Billion ≈ $13.74 Billion |
+6.69% |
| 2017-12-31 | €11.01 Billion ≈ $12.88 Billion |
+32.87% |
| 2016-12-31 | €8.29 Billion ≈ $9.69 Billion |
+6.94% |
| 2015-12-31 | €7.75 Billion ≈ $9.06 Billion |
+23.43% |
| 2014-12-31 | €6.28 Billion ≈ $7.34 Billion |
+0.55% |
| 2013-12-31 | €6.25 Billion ≈ $7.30 Billion |
+1.02% |
| 2012-12-31 | €6.18 Billion ≈ $7.23 Billion |
-2.00% |
| 2011-12-31 | €6.31 Billion ≈ $7.37 Billion |
+2.61% |
| 2010-12-31 | €6.15 Billion ≈ $7.19 Billion |
+14.42% |
| 2009-12-31 | €5.37 Billion ≈ $6.28 Billion |
-14.16% |
| 2008-12-31 | €6.26 Billion ≈ $7.32 Billion |
-18.94% |
| 2007-12-31 | €7.72 Billion ≈ $9.03 Billion |
+15.83% |
| 2006-12-31 | €6.67 Billion ≈ $7.79 Billion |
+30.56% |
| 2005-12-31 | €5.11 Billion ≈ $5.97 Billion |
+10.22% |
| 2004-12-31 | €4.63 Billion ≈ $5.42 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Gecina SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 32.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Gecina SA Net Assets Breakdown (December 2025)
Gecina SA net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €448.20 Million | 4.24% |
| Common Stock | €575.94 Million | 5.45% |
| Other Components | €9.54 Billion | 90.30% |
| Total Equity | €10.56 Billion | 100.00% |
Gecina SA Competitors by Market Cap
The table below lists competitors of Gecina SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GREEK O.FOOTB. ADR 1/2
F:GF8A
|
$5.41 Billion |
|
LKQ Corporation
NASDAQ:LKQ
|
$5.41 Billion |
|
Ameris Bancorp
NYSE:ABCB
|
$5.41 Billion |
|
Everus Construction Group Inc
NYSE:ECG
|
$5.41 Billion |
|
TPG Telecom Ltd
AU:TPG
|
$5.39 Billion |
|
37 Interactive Entertainment Network Technology Group Co Ltd
SHE:002555
|
$5.39 Billion |
|
RadNet Inc
NASDAQ:RDNT
|
$5.38 Billion |
|
Essential Properties Realty Trust Inc
NYSE:EPRT
|
$5.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gecina SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,505,992,000 to 10,561,488,000, a change of 55,496,000 (0.5%).
- Net income of 448,202,000 contributed positively to equity growth.
- Dividend payments of 403,330,000 reduced retained earnings.
- Share repurchases of 3,174,000 reduced equity.
- New share issuances of 7,280,000 increased equity.
- Other comprehensive income decreased equity by 6,307,840,000.
- Other factors increased equity by 6,314,358,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €448.20 Million | +4.24% |
| Dividends Paid | €403.33 Million | -3.82% |
| Share Repurchases | €3.17 Million | -0.03% |
| Share Issuances | €7.28 Million | +0.07% |
| Other Comprehensive Income | €-6.31 Billion | -59.72% |
| Other Changes | €6.31 Billion | +59.79% |
| Total Change | €- | 0.53% |
Book Value vs Market Value Analysis
This analysis compares Gecina SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.44x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.84x to 0.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | €74.47 | €62.45 | x |
| 2005-12-31 | €82.24 | €62.45 | x |
| 2006-12-31 | €106.55 | €62.45 | x |
| 2007-12-31 | €122.77 | €62.45 | x |
| 2008-12-31 | €100.14 | €62.45 | x |
| 2009-12-31 | €85.23 | €62.45 | x |
| 2010-12-31 | €96.88 | €62.45 | x |
| 2011-12-31 | €99.29 | €62.45 | x |
| 2012-12-31 | €98.74 | €62.45 | x |
| 2013-12-31 | €101.30 | €62.45 | x |
| 2014-12-31 | €101.27 | €62.45 | x |
| 2015-12-31 | €122.98 | €62.45 | x |
| 2016-12-31 | €127.31 | €62.45 | x |
| 2017-12-31 | €163.86 | €62.45 | x |
| 2018-12-31 | €158.49 | €62.45 | x |
| 2019-12-31 | €171.96 | €62.45 | x |
| 2020-12-31 | €169.25 | €62.45 | x |
| 2021-12-31 | €175.48 | €62.45 | x |
| 2022-12-31 | €172.54 | €62.45 | x |
| 2023-12-31 | €143.30 | €62.45 | x |
| 2024-12-31 | €142.07 | €62.45 | x |
| 2025-12-31 | €142.18 | €62.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gecina SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 52.20%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.71x
- Recent ROE (4.24%) is below the historical average (6.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 14.39% | 134.14% | 0.06x | 1.82x | €202.04 Million |
| 2005 | 12.79% | 126.20% | 0.06x | 1.76x | €141.67 Million |
| 2006 | 26.75% | 312.94% | 0.05x | 1.74x | €1.11 Billion |
| 2007 | 16.85% | 244.43% | 0.04x | 1.67x | €528.76 Million |
| 2008 | -13.99% | -152.56% | 0.05x | 1.88x | €-1.50 Billion |
| 2009 | -14.40% | -132.24% | 0.05x | 2.03x | €-1.31 Billion |
| 2010 | 16.65% | 182.71% | 0.05x | 1.95x | €405.65 Million |
| 2011 | 6.57% | 56.60% | 0.06x | 1.92x | €-214.82 Million |
| 2012 | 3.65% | 35.83% | 0.06x | 1.81x | €-392.71 Million |
| 2013 | 5.03% | 45.77% | 0.06x | 1.76x | €-310.51 Million |
| 2014 | 3.47% | 43.14% | 0.05x | 1.68x | €-409.15 Million |
| 2015 | 20.80% | 318.25% | 0.04x | 1.71x | €835.68 Million |
| 2016 | 9.83% | 162.12% | 0.04x | 1.49x | €-14.13 Million |
| 2017 | 17.25% | 331.63% | 0.03x | 1.83x | €796.96 Million |
| 2018 | 8.57% | 148.73% | 0.03x | 1.68x | €-167.20 Million |
| 2019 | 11.93% | 160.01% | 0.05x | 1.61x | €245.37 Million |
| 2020 | 1.24% | 18.79% | 0.04x | 1.62x | €-1.09 Billion |
| 2021 | 6.56% | 111.45% | 0.04x | 1.58x | €-446.34 Million |
| 2022 | 1.33% | 21.97% | 0.04x | 1.62x | €-1.11 Billion |
| 2023 | -16.89% | -213.86% | 0.05x | 1.67x | €-2.85 Billion |
| 2024 | 2.95% | 36.27% | 0.05x | 1.71x | €-740.84 Million |
| 2025 | 4.24% | 52.20% | 0.05x | 1.71x | €-607.95 Million |
Industry Comparison
This section compares Gecina SA's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $1,255,277,396
- Average return on equity (ROE) among peers: -4.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gecina SA (GFC) | €10.58 Billion | 14.39% | 0.70x | $5.40 Billion |
| Acanthe Développement (ACAN) | $153.47 Million | 3.20% | 0.07x | $35.76 Million |
| Societe de la Tour Eiffel SA (EIFF) | $539.53 Million | 1.98% | 2.39x | $532.82 Million |
| Fonciere Lyonnaise (FLY) | $5.04 Billion | 11.71% | 0.43x | $3.17 Billion |
| Maison Antoine Baud Société Anonyme (MLMAB) | $34.50 Million | 6.64% | 1.00x | $48.77 Million |
| Vitura S.A. (VTR) | $511.91 Million | -46.85% | 1.73x | $53.02 Million |
About Gecina SA
Gecina is a leading operator that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.6bn euros as at December 31, 2025. Strategically located in the most central areas of Paris and the Paris Region, Gecina's portfolio includes 1.2 million sq.m of office space and nearly 5,300 residential units. By combining long-term value creation w… Read more