Cofinimmo : Downgrade to Neutral: Market expectations are too high, and the stock is not helped with the negative sentiment caused by Orpea allegations
>Updating our model: downgrade to Neutral - Ahead of Cofinimmo’s results on 24 February, we have updated our model and have come to the conclusion that Bloomberg consensus is likely too positive on margins and fair value gains for 2021 and 2022. Furthermore, we think that the allegations that Orpea is currently facing are unlikely to material impact Cofinimmo’s financials. However, it will not help sentiment in the short term, where Cofinimmo is the only listed health...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.