Report
Steven Boumans

Cofinimmo : Belgian government to increases minimum threshold of healthcare assets needed for favourable withholding tax regime

>An increase in the threshold of healthcare assets needed for favourable tax regime in Belgium is likely to pass and negative for Cofinimmo - Currently companies with >60% healthcare assets in the European Economic Area (“EEA”) are eligible for a lower withholding tax of 15% (vs 30% for other stocks). The Belgian government is going to raise this threshold to 80%. Although the final writing is still in the making, we think the probability that this will happen is high...
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
Steven Boumans

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