Report
Florent Laroche-Joubert

Covivio : Broadly satisfactory release with strengthened equity and good strategic visibility

>EPRA earnings up +3% to € 231m and guidance increased to € 460m vs € 440m - Covivio this morning increased its 2024 recurring net result guidance to around € 460m (versus € 440m initially), or +6% vs 2023 based on positive operating momentum that is close to expectations: 1/ H1 2024 EPRA earnings were up by +3% to € 231m (or € 2.24/share vs consensus at € 2.08); 2/ strong growth at constant scope of 6.5% in its three businesses and 3/ the return to an all-cash divid...
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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