Gecina retains A-/A3 credit ratings for eighth consecutive year
S&P Global Ratings and Moody’s have reaffirmed Gecina’s credit ratings at A- and A3 with stable outlooks for the eighth consecutive year. The ratings are supported by the high quality of its portfolio, robust cash flows, and a disciplined financial strategy. Gecina’s debt is 72% hedged over 2026-2030 at attractive conditions.

*this image is generated using AI for illustrative purposes only.
S&P Global Ratings and Moody’s have both reaffirmed their ratings for Gecina, assigning A- (stable outlook) and A3 (stable outlook) respectively, for the eighth consecutive year. These confirmations acknowledge the strength of Gecina’s model, driven by the high quality of its sizeable portfolio, robust cash flows, and a disciplined financial strategy.
The ratings reflect the resilience of Gecina’s market fundamentals, including the unparalleled diversity of its tenant base and the structural supply-demand imbalance in prime locations. The Group’s operating performance is characterized by high occupancy rates, positive rental uplift outperforming indexation, and strong leasing activity.
Gecina’s financial strategy combines one of the lowest loan-to-value (LTV) ratios among continental European peers with a strong liquidity profile. The Group maintains a disciplined capital allocation policy that keeps its LTV at a safe level. Additionally, 72% of the Group’s current volume of debt is hedged in average over the period 2026-2030 at attractive financial conditions.
Financial Agenda
| Event | Date |
|---|---|
| 2026 first-half earnings | July 22, 2026, after market close |
| Business at September 30, 2026 | October 14, 2026, after market close |
Nicolas Dutreuil, Deputy CEO in charge of Finance, stated that the confirmation reflects sustained, long-term work grounded in a consistent strategic vision. He noted that this enables Gecina to preserve flexibility and navigate business cycles with agility.
Gecina owns, manages, and develops a prime portfolio valued at €17.6bn as at December 31, 2025. The portfolio includes 1.2 million sq.m of office space and nearly 5,300 residential units, strategically located in central Paris and the Paris Region.
How will Gecina leverage its strong liquidity and low LTV ratio to pursue potential acquisitions or development projects in the current market?
What impact could rising interest rates have on Gecina’s hedged debt portfolio beyond 2030?
How might Gecina’s tenant diversity and prime location strategy mitigate risks from potential economic downturns in the Paris real estate market?

























