Financing

Our financial performance confirms the correctness of our value-creation strategy.

35.8%

LTV (excl. transfer taxes)

A-/A3

Financial ratings

6.4 years

Debt maturity

A solid financial structure

Our financial structure ensures solidity through controlled financial ratios, privileged access to various sources of financing, diversification of our financial resources, and a healthy cash position.

Debt structure as of June 30, 2025

Gecina's net debt is €6.1 billion. Gross debt breaks down as above.

Debt maturity breakdown at June 30, 2025 after taking into account unused revolving credit lines (€bn)

Covenants

At June 30, 2025 the Group's main covenants were:


	Benchmark standard	Balance at 06/30/2023
LTV Net debt / revalued block value of property holding (excluding duties)	Maximum 55 % / 60%	35.8 %
ICR EBITDA / net financial expenses	Minimum 2.0 x	6.4 x

Debt

Medium- and long-term debt

Discover the details of its bond issues.

Short-term debt

Discover the details of its short-term securities

Find out more

Our latest financial transactions

Successful €500 million 10-year Green Bond Placement: Read the press release

Financial rating

We are rated by two independent rating agencies: Standard & Poor's and Moody's. Their ratings confirm our solvency, and facilitate our access to financial markets.

	Standard & Poor's rating	Moody's rating
Long-term rating	A- (outlook stable)	A3 (outlook stable)
Short-term rating	A-2