Cofinimmo : Q3 2024 results: Good operational performance, but lagging disposals
>Outlook slightly increased; continued devaluations; limited progress disposals - Outlook FY2024 Net result from core activities raised to >€6.40 (vs € 6.40 before) and €6.20 DPS.Like-for-like Gross rental income growth +2.1% (H1 2024: +2.1% and 2% in FY2024 budget): new leases (+0.8%), indexation (+2.6%), departures (-0.6%) and renegotiations (-0.7%).Like-for-like devaluations 9M 2024 of -1.7% (H1: -1.4%): -1.4% for healthcare (Germany, Belgium, France and ...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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