Report
Florent Laroche-Joubert

Covivio : Earnings report slightly ahead of expectations and a solid outlook

>2021 guidance increased slightly and appreciation in asset values - Covivio slightly increased its 2021 guidance following the first-half earnings report. The group is now aiming for EPRA earnings of € 390-400m (i.e. € 4.1 to € 4.2 / share) vs € 380-395m previously (i.e. € 4.0 to € 4.1 / share) notably taking into account the cancellation of the rent freeze in Berlin and hotel business that held up well in a challenging situation:Offices & residential (85% of a...
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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