Report
Gerardo Ibanez ...
  • Steven Boumans

Cofinimmo : FY2023 results: Strong FY2023 results, but slightly higher devaluations

>Strong 2023 results, 2024 outlook slightly weaker than consensus - Outlook FY2024 EPRA EPS €6.40 (Bloomberg consensus € 6.50), including €320m investments and €270m divestments, allowing for a €6.20 DPS (payable in 2025)Gross dividend for the FY2023 (payable in 2024) confirmed at € 6.20/shLike-for-like devaluations of €182m or -2.7% (Q3 2023: -1.7%).Healthcare operator performance is improving, with underlying occupancy being strong at >90% for all cou...
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
Gerardo Ibanez

Steven Boumans

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