Report
Florent Laroche-Joubert

Covivio : An encouraging update on strengthening the quality of the balance sheet

>EPRA earnings per share stable at € 2.36 and EPRA NTA down 14.4% at € 91.1 - EPRA earnings for H1 2023 are stable y-o-y at € 223.4m and € 2.36 per share thanks to sharp growth of 7.6% at constant scope in its three businesses which helped to offset the drop in development margins, the impact of divestments and the increase in financial expense:Offices (54% of the portfolio): the rental activity remained dynamic with the commercialisation of 68,750m² which saw th...
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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