Report
Florent Laroche-Joubert

Covivio : Solid resilience and capacity to bounce back coming out of the crisis!

>Still resilient performances in the residential and office segments - Covivio yesterday evening reported 9M 2020 revenues of € 464m, slightly above our expectations (€ 455m est.), down -8.3% y-o-y on a l-f-l basis and with an occupancy rate of 94.4% vs 96.1% at 30 June 2020. This performance reflects two contrasting trends:In the offices and residential segments (l-f-l growth of +1.5% y-o-y vs +1.9% in H1), business remains resilient, particularly for the resid...
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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