Report
Florent Laroche-Joubert

Covivio : Operating performance in line with expectations against an uncertain backdrop for the German residential segment

>2019 guidance confirmed with growth in EPRA earnings/share of over +3% - Following its H1 2019 results (EPRA earnings/share at € 2.63, i.e. +2.8% y-o-y), Covivio confirmed its full-year guidance with growth in EPRA earnings/share expected to exceed +3%.The operating performance in H1 2019 (like-for-like growth +3.3% y-o-y) is the fruit of Covivio’s positioning on growth markets. Organic growth was mainly driven by offices in France (l-f-l +3.9% with +1.9% from l...
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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