Cofinimmo SA

ENXTBR:COFB Stock Report

Market Cap: €3.1b

Cofinimmo Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Jean-Pierre Hanin

Chief executive officer

€1.5m

Total compensation

CEO salary percentage43.45%
CEO tenure8.1yrs
CEO ownershipn/a
Management average tenure5.1yrs
Board average tenure2.1yrs

Recent management updates

Recent updates

Narrative Update • Jun 06

COFB: Aedifica Merger Progress And Index Exit Will Shape Steady Outlook

Analysts have slightly lifted their fair value estimate for Cofinimmo, increasing the price target from €86.17 to €87.39 as they factor in updated assumptions for the discount rate, revenue trends, profit margin and future P/E. What's in the News Aedifica NV/SA has agreed to acquire the remaining 20.41% stake in Cofinimmo SA for approximately €650 million.
Narrative Update • May 09

COFB: Aedifica Merger Path And Index Removal Will Shape Balanced Outlook

Analysts have kept their Cofinimmo price target steady at €86.17, citing only small adjustments to the discount rate, revenue growth assumptions, and profit margin forecasts. Their long-term view remains broadly unchanged.
Narrative Update • Apr 25

COFB: Index Removal And 2026 Meeting Will Shape Balanced Risk Profile

Analysts have kept their Cofinimmo price target broadly steady at about €86.17, with the latest update reflecting slightly adjusted assumptions on discount rate, revenue growth and profit margin that leave the implied P/E multiple close to prior levels. What's in the News Cofinimmo SA is recorded as having been removed as an index constituent, which may affect how index funds and ETFs with rules-based mandates treat the stock (Key Developments).
Narrative Update • Apr 10

COFB: Index Exit And Governance Meeting Will Frame Balanced Risk Reward

Analysts have kept their price target for Cofinimmo broadly steady at €86.17. This reflects only marginal tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E, rather than any major shift in their view of the shares.
Narrative Update • Mar 27

COFB: Buy Upgrade And Margin Confidence Will Shape Future Risk Reward

Analysts have lifted their price target on Cofinimmo to €86.17 from €86.17. The recent upgrade to Buy supports a slightly more constructive view on its margin profile and long term earnings multiple.
Narrative Update • Mar 10

COFB: Buy Upgrade And Fair Value View Will Frame Future Risk Reward

Analysts have nudged their price target on Cofinimmo higher to €86.17, reflecting updated assumptions on discount rates, a move to modest revenue growth, a slightly lower profit margin, and a higher forward P/E, alongside a recent upgrade to Buy from a major research house. Analyst Commentary Recent research adjustments give you a clearer view of how the market is framing Cofinimmo at the current price target of €86.17 and the revised assumptions on growth, margins, and P/E.
Narrative Update • Feb 24

COFB: Buy Upgrade And Refined Assumptions Will Shape Future Risk Reward Balance

Analysts have nudged their fair value estimate for Cofinimmo higher from about €83.72 to around €86.17, citing updated assumptions on discount rates, revenue trends and future P/E, in line with the recent Buy rating upgrade from Kepler Cheuvreux. Analyst Commentary Bullish Takeaways Bullish analysts see the fair value increase from about €83.72 to around €86.17 as support for the recent rating upgrade, suggesting the current share price offers some valuation headroom relative to their assumptions.
Narrative Update • Feb 10

COFB: Rating Upgrade And Refined Assumptions Will Shape Future Risk Reward Balance

Analysts have modestly adjusted their price targets on Cofinimmo, reflecting slight tweaks to discount rate, revenue growth and profit margin assumptions. Some now see greater upside potential following recent positive research updates and upgrades to Buy.
Narrative Update • Jan 25

COFB: Rating Upgrade And Refined Assumptions Will Support Fair Value

Analysts have nudged their fair value target for Cofinimmo higher from €81.77 to €83.72, citing updated assumptions around discount rates, profit margins and future P/E, alongside recent positive Street research support. Analyst Commentary Recent Street research has taken a more constructive stance on Cofinimmo, reflected in the higher fair value target of €83.72.
Narrative Update • Jan 09

COFB: Rating Upgrade And Stable Cash Flows Will Support Fair Value

Analysts have nudged their fair value estimate for Cofinimmo from €81.41 to €81.77, citing a modestly lower discount rate and slightly refined revenue, margin and future P/E assumptions following recent positive Street research. Analyst Commentary Street research has turned more constructive on Cofinimmo, with some analysts moving to a more positive stance and the fair value estimate edging up to €81.77.
Narrative Update • Dec 26

COFB: Stable Metrics Will Support Fair Value As Risk Perception Slightly Eases

Analysts have trimmed their price target on Cofinimmo slightly to €81.41 from €81.86. This reflects a modestly lower projected future price to earnings multiple and a marginally reduced discount rate in their valuation models.
Narrative Update • Dec 12

COFB: Stable Metrics Will Support Fair Value Amid Slight Profitability Improvement

Narrative Update on Cofinimmo Analysts have modestly raised their price target on Cofinimmo to EUR 81.86, citing a slightly lower implied discount rate and improved projected profit margins, while growth expectations and valuation multiples remain largely unchanged. Valuation Changes Fair Value: Unchanged at €81.86 per share, indicating a stable intrinsic value estimate.
Narrative Update • Nov 27

COFB: Financial Metrics Consistency Will Support Stable Fair Value Outlook

Analysts have maintained their fair value estimate for Cofinimmo at €81.86, citing consistent forecasted financial metrics and only minimal updates to underlying assumptions. Valuation Changes Fair Value Estimate remains unchanged at €81.86.
Narrative Update • Nov 11

COFB: Revenue and Profit Margin Trends Will Shape Fair Value Outlook

Analysts have slightly increased their price target for Cofinimmo from €80.92 to €81.86. They cite improved revenue growth projections and a marginally lower discount rate as key factors behind the adjustment.
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New Narrative • May 16

Healthcare Real Estate Shift Will Yield Lasting Value

Strategic focus on healthcare real estate and divesting non-core areas aims to improve revenue and optimize net margins.
Analysis Article • Feb 11

Shareholders Of Cofinimmo (EBR:COFB) Must Be Happy With Their 64% Return

Stock pickers are generally looking for stocks that will outperform the broader market. And the truth is, you can make...

CEO Compensation Analysis

How has Jean-Pierre Hanin's remuneration changed compared to Cofinimmo's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

€203m

Dec 31 2025€1m€630k

€213m

Sep 30 2025n/an/a

€192m

Jun 30 2025n/an/a

€134m

Mar 31 2025n/an/a

€111m

Dec 31 2024€1m€630k

€64m

Sep 30 2024n/an/a

-€52m

Jun 30 2024n/an/a

-€41m

Mar 31 2024n/an/a

-€55m

Dec 31 2023€1m€630k

-€55m

Sep 30 2023n/an/a

€49m

Jun 30 2023n/an/a

€185m

Mar 31 2023n/an/a

€333m

Dec 31 2022€1m€600k

€483m

Sep 30 2022n/an/a

€565m

Jun 30 2022n/an/a

€489m

Mar 31 2022n/an/a

€382m

Dec 31 2021€1m€540k

€260m

Sep 30 2021n/an/a

€189m

Jun 30 2021n/an/a

€155m

Mar 31 2021n/an/a

€122m

Dec 31 2020€1m€540k

€119m

Compensation vs Market: Jean-Pierre's total compensation ($USD1.68M) is about average for companies of similar size in the Belgian market ($USD1.45M).

Compensation vs Earnings: Jean-Pierre's compensation has been consistent with company performance over the past year.

CEO

Jean-Pierre Hanin (60 yo)

8.1yrs
Tenure
€1,450,108
Compensation

Mr. Jean-Pierre Hanin has been the Chief Executive Officer of Cofinimmo SA since May 9, 2018 and serves as its Managing Director and served as its Director since May 9, 2018 to May 13, 2026 and had been it...

Leadership Team

NamePositionTenureCompensationOwnership
Jean-Pierre Hanin
MD & CEO8.1yrs€1.45mno data
Jean Kotarakos
Chief Financial Officer8yrs€799.87kno data
Francoise Roels
Chief of Corporate Affairs22.4yrs€609.38kno data
Sebastien Berden
Chief Operating Officer1.9yrs€725.47kno data
Yeliz Bicici
Chief Operating Officer1.9yrsno datano data
Lynn Nachtergaele
Head of Investor Relationsno datano datano data
Sophie Grulois
General Counsel & Secretary General2.4yrsno datano data
Roel Dumont
Chief Human Resources Officer1.9yrsno datano data
Jean Van Buggenhout
Head of Property Servicesno datano datano data
Domien Szeker
Head of Project Managementno datano datano data
Dirk Huysmans
Head of Commercial Departmentno datano datano data
Stéphanie Lempereur
Head of Mergers & Acquisitions7.8yrsno datano data
5.1yrs
Average Tenure
56.5yo
Average Age

Experienced Management: COFB's management team is seasoned and experienced (5.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jean Suykens
Independent Director2.1yrs€89.25kno data
Jean Hilgers
Independent Chairman of the Board3.1yrs€136.25kno data
Olivier Chapelle
Independent Director10.1yrs€97.25kno data
Ingrid Daerden
Directorless than a yearno datano data
Stefaan Gielens
Directorless than a yearno datano data
Ann Caluwaerts
Independent Director1.1yrs€47.52kno data
Nathalie Charles
Independent Director2.1yrs€87.17kno data
Mirjam van Velthuizen-Lormans
Independent Director1.9yrs€73.50kno data
Benoit Graulich
Independent Director7.1yrs€98.00kno data
2.1yrs
Average Tenure
61yo
Average Age

Experienced Board: COFB's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 17:25
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Cofinimmo SA is covered by 19 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Celine HuynhBarclays
Kai KloseBerenberg
Robert JonesBNP Paribas