Report
Florent Laroche-Joubert

Covivio : A great deal of resilience and continuity despite impact on hotels

>Good Q1 in offices and residential mitigated by hotels, as expected - Yesterday evening, Covivio reported quarterly sales of € 158m, stable y-o-y at constant scope and with an occupancy rate of 96.7% vs 98.3% in 2019. This performance reflects two opposing trends: In offices and residential (84% of the portfolio), activity was particularly resilient with growth at constant scope of +2.3%, driven in particular by the German residential segment (+3.5%) and offices...
Underlying
Covivio SA

Fonciere des Regions is a long-term real etaste investor with a focus on office assets. Co.'s portfolio includes investment properties and properties under development. Co. holds a range of real estate assets, to collect lease payments and benefit from appreciation in the assets held. Co.'s activities can be divided into five segments: Office Markets in France; Office Markets in Italy; Logistics; Business Premises; and Car Parks.

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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