GECINA - REFERENCE DOCUMENT 2017

CONTENTS

Editorials Key figures

2 4

01

06

PRESENTATION OF THE GROUP Gecina’sfundamentals:centrality, 1.1 scarcity, innovation A strategyfocused on performance 1.2

7

RISKS

175 176

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Risks 6.1

8

Information regarding certain control 6.2 activities

13 18 20 24

205

Trends andmarket 1.3

07

Shareholder-centered governance 1.4 Summaryof the principal risks 1.5

FROM CORPORATE RESPONSIBILITY TO SUSTAINABLE PERFORMANCE Societal impactand materialization 7.1 of value An integratedCSR roadmap supporting 7.2 the strategy Priority 1:generate productivity 7.3 and well-being for the occupants in adaptable buildings Priority 2:stimulatethe sustainablecity 7.4 by developing,biodiversity and accessibility forall Priority 3: reduce environmental footprint 7.5 by a resource-efficient and carbon-neutral real estate

02

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COMMENTS ON THE FISCAL YEAR

27 28 35 40 47 50 51 51 52

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210

Business review 2.1 Financial resources 2.2

214

Appraisal of property holdings 2.3 Business and earnings of main 2.4 companies Triple Net Asset Value 2.5 Strategy and outlook 2.6 Post-balance sheet events 2.7

226

231

EPRA reporting at December 31, 2017 2.8

237 254 264

03

Key levers for success 7.6 Additional information 7.7

CONSOLIDATED FINANCIAL STATEMENTS Consolidated statement 3.1 of financial position Consolidated statement 3.2 of comprehensive income Statement of changes 3.3 in consolidated equity

08

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55

LIST OF PROPERTY HOLDINGS

277 278 287 291 293 294 297

56

Offices 8.1

Residential 8.2

58

Student residences 8.3

Hotels 8.4

59 60

Other activities 8.5

Statement of consolidated cash flows 3.4 Notes to the consolidated financial 3.5 statements

Summaryof surfaceareas 8.6

61

09

04

ADDITIONAL INFORMATION

299

ANNUAL FINANCIAL STATEMENTS 107 Balancesheet as at December 31,2017 4.1 108 Income statementat December 31, 2017 4.2 110 Notes to the annualfinancial statements 4.3 at December 31, 2017 111 BOARD OF DIRECTORS’ REPORT ON CORPORATE GOVERNANCE 131 Governance 5.1 132 Compensation 5.2 162 Information about the capital structure 5.3 and factors thatcould have an impactin the event of a publicoffer 173

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Reference Documentcontainingan 9.1 annual financial report

300 304 319 325

Statutory Auditors 9.2 Legal information 9.3

Glossary 9.4

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Annual FinancialReportelements areclearly indentifiedin this table of contentwith the sign AFR

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