Report
Florent Laroche-Joubert

Covivio : Strong operating momentum in H1 but short-term uncertainty/caution

>H1 results up sharply thanks to the recovery in hotels - Covivio’s results showed strong growth in H1 2022 (EPRA earnings per share at € 2.37; +8% y-o-y) thanks to a stronger-than-expected recovery in hotels:Offices (55% of the portfolio): rental activity remained very robust, with 101,000 m² let. This breaks down into 70% pre-letting on the pipeline (=> pre-letting pipeline rate at 61% vs 47% at end-2021) and 30% for the leases on operating assets. The occupan...
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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch