Report
Florent Laroche-Joubert

Covivio : Encouraging results with a view to attaining the deleveraging target

>EPRA Earnings 23 of € 4.47 € per share (-2.5% yoy) vs consensus of € 4.34 - Covivio reported yesterday evening 2023 adjusted EPRA Earnings of € 4.47 per share (-2.5% yoy), above the consensus compiled by the company (€ 4.34) and guidance (EPRA Earnings of € 435m vs € 420m). This performance includes 6.4% growth at constant scope (cs) in rental income and an improvement in the occupancy rate to 96.7% (vs 95.2% at 31 March):Offices (52% of the portfolio; +5.2% at ...
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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