Gecina Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Benat Ortega

Chief executive officer

€1.2m

Total compensation

CEO salary percentage	34.0%
CEO tenure	2yrs
CEO ownership	0.0007%
Management average tenure	5.1yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Benat Ortega's remuneration changed compared to Gecina's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-€2b
Sep 30 2023	n/a	n/a	-€1b
Jun 30 2023	n/a	n/a	-€1b
Mar 31 2023	n/a	n/a	-€416m
Dec 31 2022	€1m	€417k	€170m

Compensation vs Market: Benat's total compensation ($USD1.31M) is below average for companies of similar size in the UK market ($USD3.42M).

Compensation vs Earnings: Insufficient data to compare Benat's compensation with company performance.

CEO

Benat Ortega (41 yo)

2yrs

Tenure

€1,228,229

Compensation

Mr. Benat Ortega is Chief Executive Officer of Gecina since April 21, 2022 and serves as its Director since April 20, 2023. He had been the Chief Operating Officer of Klépierre (formerly known as Klepierre...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Benat Ortega	CEO & Director	2yrs	€1.23m	0.00068% € 47.8k
Nicolas Dutreuil	Deputy Chief Executive Officer in Charge of Finance	10.6yrs	no data	no data
Romain Veber	Executive Director of Investments & Developments	4.4yrs	no data	no data
Christine Harne	Executive Director of Human Resources	5.1yrs	no data	no data
Samuel Henry-Diesbach	Head of Financial Communications	9.4yrs	no data	no data
Eric Saint-Martin	Head of Asset Management Projects	no data	no data	no data
Valerie Britay	Deputy Chief Executive Officer of the Office Division	3.8yrs	no data	no data
Cyril Mescheriakoff	Executive Director of Risks & Internal Audit	no data	no data	no data
Marie Lalande-Dauger	Executive Director of Engineering & CSR	no data	no data	no data
Pierre-Emmanuel Bandioli	Executive Director of Residential	no data	no data	no data
Frederic Vern	Company Secretary	7.3yrs	no data	no data
Régine Willemyns	Director of Financial Communication	no data	no data	no data

5.1yrs

Average Tenure

50yo

Average Age

Experienced Management: 0OPE's management team is seasoned and experienced (5.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Benat Ortega	CEO & Director	less than a year	€1.23m	0.00068% € 47.8k
Jacques Stern	Independent Director	2yrs	€92.00k	0.00041% € 28.8k
Ines Reinmann Toper	Independent Director	12yrs	€82.22k	0.00046% € 32.4k
Jerome Brunel	Independent Chairman of the Board	4yrs	€300.00k	0.00014% € 9.8k
Laurence Danon-Arnaud	Independent Director	7yrs	€69.00k	0.00055% € 38.7k
Gabrielle Gauthey	Independent Director	6yrs	€100.18k	0.00041% € 28.8k
Carole Le Gall	Independent Director	2yrs	€61.18k	0.00039% € 27.4k
Claude Gendron	Director	10yrs	no data	0.000050% € 3.5k
Dominique Dudan – de Noyelle	Independent Director	9yrs	€90.00k	0.00087% € 61.2k
Matthieu Lance	Director	2.1yrs	€73.00k	no data
Stephane Villemain	Director	8yrs	no data	no data

6.0yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 0OPE's board of directors are considered experienced (6 years average tenure).

Gecina Management

Management criteria checks 3/4

Key information

Recent management updates

Gecina Announces Directors Appointments

High number of new directors

Gecina Appoints Marie Lalande-Dauger as Executive Director Engineering and CSR

High number of new directors

Gecina, Annual General Meeting, Apr 20, 2023

High number of new directors

Recent updates

Gecina Announces Directors Appointments

Dividend of €2.65 announced

Now 20% undervalued after recent price drop

Upcoming dividend of €2.65 per share

Final dividend of €2.65 announced

Now 20% undervalued after recent price drop

Full year 2023 earnings released

Gecina Provides Earnings Guidance for the Year 2024

High number of new directors

Gecina to Report Fiscal Year 2023 Results on Feb 14, 2024

Gecina to Report Q3, 2023 Results on Oct 18, 2023

Gecina Appoints Marie Lalande-Dauger as Executive Director Engineering and CSR

Gecina Provides Earnings Guidance for the Year 2023

First half 2023 earnings released: €8.06 loss per share (vs €7.63 profit in 1H 2022)

Upcoming dividend of €2.65 per share at 5.6% yield

An unknown buyer acquires 101 Champs-Elysées building Gecina (ENXTPA:GFC).

Upcoming dividend of €2.65 per share at 5.0% yield

Full year 2022 earnings released: EPS: €2.30 (vs €11.53 in FY 2021)

High number of new directors

Gecina, Annual General Meeting, Apr 20, 2023

Gecina to Report Q3, 2022 Results on Oct 20, 2022

First half 2022 earnings released

Upcoming dividend of €2.65 per share

High number of new directors

High number of new directors

Gecina Provides Earnings Guidance for the Year 2022

Now 23% undervalued after recent price drop

Full year 2021 earnings: Revenues in line with analyst expectations

Gecina SA Provides Earnings Guidance for the Year 2022

First half 2021 earnings released

Gecina SA Affirms Earnings Guidance for the Year 2021

Upcoming dividend of €2.65 per share

Gecina Signs a Reservation Agreement for a 113-apartment Project at the Heart of Bordeaux

An unknown buyer agreed to acquire Les Portes d’Arcueil Building from Gecina SA (ENXTPA:GFC) for approximately €300 million.

Gecina Launches Online Space for Its Individual Pure Registered Shareholders

Full year 2020 earnings released: EPS €2.10 (vs €20.58 in FY 2019)

New 90-day low: €113

Gecina Signs a Lease for 11,600 sq.m, Taking the Carré Michelet Building’s Letting Rate up to 83%

Two funds managed by Keys Reim acquired Mixed portfolio of 16 non-strategic assets of Gecina SA for €54.6 million.

CARAC S.A.R.L. acquired Portfolio of four multi-tenant buildings in Boulogne-Billancourt and Vincennes from Gecina SA (ENXTPA:GFC).

Gecina Announces Executive Changes

New 90-day high: €131

New 90-day high: €129

Market bids up stock over the past week

Gecina Signs Agreement with the Diaconesses Croix Saint Simon Hospital Group, to Facilitate Access to Housing for Healthcare Workers

Gecina and AP-HP Sign a Partnership Agreement to Facilitate Access to Housing for Healthcare Workers

Gecina Appoints Thomas Degos as Executive Director Residential

An unknown buyer acquired 54/56 Avenue du Général Leclerc in Boulogne-Billancourt from Gecina SA (ENXTPA:GFC) for €36.6 million.

Gecina SA (ENXTPA:GFC) acquired a building at 66 rue de Ponthieu in Paris for €33.1 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age