Report
Florent Laroche-Joubert

Cofinimmo : Significant resilience and very solid development momentum!

>2020 guidance upgraded to the top of the € 6.60–6.85 range - Cofinimmo has upgraded its 2020 EPRA earnings per share guidance which is now expected to be at the top of the € 6.60-6.85 range and confirmed its intention to pay a dividend of € 5.80 per share based on an operating performance in line with that of H1 2020:Rental income increased by 8.9% y-o-y in 9M 2020 and by 1.6% l-f-l (stable vs H1) for an operating margin of 83.8% (vs 83.1% in H1), an occupancy r...
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
Florent Laroche-Joubert

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