Report
Florent Laroche-Joubert

Covivio : Guidance raised as hotels have recovered more strongly than expected!

>Positive momentum in all segments - Covivio achieved a solid operating performance in 9M 2021 as the German residential segment continued to deliver growth and the hotels segment has begun to recover. Its rental revenues (group share) totalled € 445m in 9M 2021, in line with our forecast and reflecting an improvement in like-for-like growth to +0% (vs -2.7% in H1 2021), while the occupancy rate held steady at 94.6%:Offices (58% of the portfolio): rental activity...
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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