The share price ended the day in the green, benefiting from a positive analysis by Invest Securities. The research firm has reiterated its 'buy' recommendation on Gecina, with a price target raised from €108 to €111, following last week's publication of a 'very satisfactory' 8.2% increase in 2023 NAV per share (to €6.01).

While the decline in NTA NAV is expected to continue between now and the end of the current financial year, the research firm considers that distribution capacity is "intact, in a context of strong visibility on five-year financial expenses and an excellent balance sheet position".

The analyst adds: "The credible 2024 RNR guidance (between 6.35 and 6.40 euros) should finally enable the property company to increase its dividend this year (5.50 euros according to our estimates) and steadily over the medium term".

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