Report
Florent Laroche-Joubert

Covivio : The right ticket to play the recovery in hotels

>A solid performance underpinned by hotels and the residential segment in Germany - Yesterday evening, Covivio published FY 2021 results that were in line with the consensus and a shade above our forecasts and its guidance for adjusted EPRA Earnings, at € 4.35/share (+3.3% y-o-y) vs € 4.22 est., cons. € 4.36 and guidance for > € 4.22. This performance with, in particular, a +3.2% increase in rental income at constant scope, was primarily driven by the beginnings of a...
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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