Cofinimmo : H1 2024 results: outlook reiterated; devaluations continue; progress on disposals limited
>Outlook reiterated, devaluations to continue across the board, healthcare operator health improving and limited new disposals - Outlook FY2024 Net result from core activities reiterated at €6.40 and €6.20 DPS.Gross rental income up +2.1% on a like-for-like basis (vs Q1: +2.2% and 2% in FY2024 budget) from: new leases (+0.8%), indexation (+2.8%), departures (-0.7%) and renegotiations (-0.8%).Like-for-like devaluations of -€91m or -1.4% (Q1: -0.7%; FY 2023: -...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.
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