2016 first-half earnings

Strong first-half growth for recurrent net income and triple net NAV

Recurrent net income (Group share) up +17.2% (+15.4% per share)
EPRA triple net NAV up +25.4% year-on-year (+4.8% over six months) to 128.6 euros

Major value creation potential over the short, medium and long term

Pipeline increased to 3.6 billion euros, with 60% committed or certain projects, located primarily in Paris and scheduled for delivery by 2020

Performance highlighting the relevance of the strategy launched at the start of 2015

Gecina affirms the financial and operational superiority of its offer for Foncière de Paris, perfectly aligned with its strategy

Gecina confirms its recurrent net income growth target for 2016

Recurrent net income (Group share) growth to exceed +5% for 2016 excluding the impact of the healthcare division's sale