Report
Florent Laroche-Joubert

Covivio : Very strong development momentum in major European cities!

>Operating performance better than expected - Covivio reported EPRA earnings per share up 4.4% to € 5.31, beating the target of +3% and our expectations. The proposed dividend works out at € 4.80 per share (+4% y-o-y) for a yield of 4.40%.In detail, rental income grew by 2.6% like-for-like vs a target of 2.5% announced at the start of the year. This growth was mainly driven by the German residential segment (+4.3% l-f-l), offices in France (+2.6% l-f-l), while fo...
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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