Report
Florent Laroche-Joubert

Covivio : Encouraging Q3 release on the top line and disposals

>Very robust operating performance in 9M 2023 with growth at constant scope of +6.9% and confirmation of the 2023 guidance - Covivio’s rental income group share came to € 484.8m, up 6.9% at constant scope (cs) driven by the rebound in variable revenues in hotels (+2.4 pp), the acceleration in indexation (+3.6pp) and the increase in the occupancy rate to 96.1% at end-September 2023 vs 95.8% at end-June 2023 reflecting the occupancy rate in offices:Offices (55% of ...
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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