Report
Niko Levikari ...
  • Steven Boumans

Cofinimmo : Vega acquisition should enable raising FY 2021 guidance

>Entry to Italy secured, several positive triggers on horizon - We have updated our estimates on Cofinimmo following the successful closure of the Vega portfolio acquisition (Italy and Spain) which added a new country to the growing care segment of Cofinimmo. The transaction is driving our higher direct results trajectory as the deal adds c. € 17m additional rental income on annual basis to our earlier estimates. In our view, Cofinimmo is in a position to increase its...
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
Niko Levikari

Steven Boumans

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