Real estate stocks from across the Alps
Stock performance and balance sheet data
% change from the beginning of the year % change over three years 2003 turnover (in euro) 2003 profit (in euro)
Unibail 40.69 75.80 624,700,000 300,000,000
Gecina 16.91 62.14 493,162,000 537,212,000
Klepierre 26.18 73.99 353,193,000 107,257,000
Fonc. Lyonnaise 8.64 35.87 216,653,000 57,631,000
Silic 21.15 61.54 95,415,000 38,435,000
Fonciere Euris 17.82 -2.47 23,861,000,000 460,000,000
Algeco 44.31 33.78 395,718,000 23,282,000
Foncia Groupe 28.70 82.72 247,660,000 22,217,000
Source: Il Sole-24 Ore research office by Irene Consigliere
It's a golden era for real estate securities worldwide. And in particular, among the best are the French shares Unibail which have gained almost 50% since the beginning of the year, Klepierre (+27%) and Gecina (+25%). Word of Alberto Segafredo, manager of Euromobiliare.
Unibail's real estate portfolio is made up of 90% of shopping centers and offices and 10% of exhibition spaces. The success of the transalpine giant is linked to the rents of the shopping centers which are periodically renovated to increase revenues.
source: Real Estate Observatory
Grimaldi Padua
Padua - 35137 - Via G. Matteotti, 27
e-mail: padovacentro@grimaldifranchising.it
Tel. +39 49 663 033 - VAT number 05301660287
Grimaldi Cadoneghe
Cadoneghe (PD) - 35010 - Via G. Franco, 2/A
e-mail: cadoneghe@grimaldifranchising.it
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