Report
Florent Laroche-Joubert

Cofinimmo : A solid model and outlook largely intact!

>Solid operating performance in Q1 2020 - Cofinimmo announced a solid set of Q1 2020 operating performances yesterday evening, with EPRA Earnings / share coming out at € 1.58 (+19.6% y-o-y) and EPRA NAV increasing by +2.5% q-o-q to € 103.27. On the top line, rental revenues increased by +10.7% at current scope and by +1.6% at constant scope (like-for-like) with an occupancy rate holding steady at 97% and a residual lease maturity of 12 years. The operating margin expa...
Underlying
Cofinimmo SA

Cofinimmo is a fixed capital real estate investment trust. Co. specializes in rental property. Its core investment segments are office property and nursing and care institutions. The portfolio also includes a Distribution property networks segment. Most of Co.'s assets are in Belgium. The foreign part consists of nursing homes/ clinics and the MAAF agencies network in France and the Pubstone portfolio in the Netherlands. Co.'s operations are organized into four segments: Offices, Nursing homes/Clinics, Distribution property networks, and Public-Private Partnerships.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Florent Laroche-Joubert

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