Report
Florent Laroche-Joubert

Covivio : Strong resilience and an encouraging outlook!

>A resilient operating performance in line with expectations - Covivio published yesterday evening sales for Q1 2021 of € 144.3m, very slightly beating our estimates (€ 142m est.) and stable at +0.3 at constant scope excluding hotels (-5.9% with hotels), as well as a stable occupancy rate of 94.5%. This performance reflects two contrasting trends:For offices and residential (growth at constant scope of +0.3% y-o-y), organic revenue growth was driven mainly by Ger...
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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