Covivio Management
Management criteria checks 4/4
Covivio's CEO is Joseph Kullmann, appointed in Jan 2011, has a tenure of 14.83 years. total yearly compensation is €2.88M, comprised of 27.8% salary and 72.2% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth €12.68M. The average tenure of the management team and the board of directors is 11.3 years and 9.6 years respectively.
Key information
Joseph Kullmann
Chief executive officer
€2.9m
Total compensation
| CEO salary percentage | 27.75% |
| CEO tenure | 14.8yrs |
| CEO ownership | 0.2% |
| Management average tenure | 11.3yrs |
| Board average tenure | 9.6yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2025 | n/a | n/a | €418m |
| Mar 31 2025 | n/a | n/a | €243m |
| Dec 31 2024 | €3m | €800k | €68m |
| Sep 30 2024 | n/a | n/a | -€335m |
| Jun 30 2024 | n/a | n/a | -€737m |
| Mar 31 2024 | n/a | n/a | -€1b |
| Dec 31 2023 | €3m | €800k | -€1b |
| Sep 30 2023 | n/a | n/a | -€1b |
| Jun 30 2023 | n/a | n/a | -€865m |
| Mar 31 2023 | n/a | n/a | -€122m |
| Dec 31 2022 | €2m | €700k | €621m |
| Sep 30 2022 | n/a | n/a | €937m |
| Jun 30 2022 | n/a | n/a | €1b |
| Mar 31 2022 | n/a | n/a | €1b |
| Dec 31 2021 | €3m | €700k | €924m |
| Sep 30 2021 | n/a | n/a | €778m |
| Jun 30 2021 | n/a | n/a | €632m |
| Mar 31 2021 | n/a | n/a | €496m |
| Dec 31 2020 | €2m | €700k | €360m |
| Sep 30 2020 | n/a | n/a | €473m |
| Jun 30 2020 | n/a | n/a | €586m |
| Mar 31 2020 | n/a | n/a | €667m |
| Dec 31 2019 | €3m | €700k | €747m |
| Sep 30 2019 | n/a | n/a | €693m |
| Jun 30 2019 | n/a | n/a | €639m |
| Mar 31 2019 | n/a | n/a | €694m |
| Dec 31 2018 | €2m | €600k | €750m |
Compensation vs Market: Joseph's total compensation ($USD3.33M) is about average for companies of similar size in the French market ($USD3.49M).
Compensation vs Earnings: Joseph's compensation has been consistent with company performance over the past year.
CEO
Joseph Kullmann (60 yo)
Mr. Christophe Kullmann, also known as Joseph, serves as Chief Executive Officer at Covivio (formerly known as Fonciere des Regions) since January 31, 2011 and member of the board of Director since April 2...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 14.8yrs | €2.88m | 0.21% € 12.7m | |
| Deputy Chief Executive Officer | 14.8yrs | €1.48m | no data | |
| Chief Communication Officer & VP | no data | no data | no data | |
| CFO, Director of Financial planning | no data | no data | no data | |
| Chief Operating Officer of France | no data | no data | no data | |
| Technical Director | no data | no data | no data | |
| Chief IT & Transformation Officer | 7.8yrs | no data | no data | |
| Chief Internal Audit & Control | 5.8yrs | no data | no data | |
| Legal Officer | no data | no data | no data | |
| Chief Marketing & Customer Experience Officer | no data | no data | no data | |
| Human Resources Director | no data | no data | no data | |
| Chief Corporate Officer | no data | no data | no data |
Experienced Management: COV's management team is seasoned and experienced (11.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 13.6yrs | €2.88m | 0.21% € 12.7m | |
| Director | 14.8yrs | €54.20k | no data | |
| Independent Member | 6.6yrs | €64.00k | 0.00063% € 38.4k | |
| Independent Director | 6.6yrs | €75.00k | 0.00075% € 45.7k | |
| Independent Member | 9.6yrs | €65.00k | 0.00067% € 40.8k | |
| Chairman of the Board | 14.8yrs | €200.00k | 0.0023% € 137.7k | |
| Director | 10.6yrs | €61.00k | 0.029% € 1.7m | |
| Independent Member | less than a year | €4.00k | no data | |
| Director | 4.9yrs | €44.00k | no data | |
| Independent Member | 3.6yrs | €39.00k | 0.00072% € 43.9k | |
| Independent Member | 9.6yrs | €42.00k | 0.00019% € 11.6k | |
| Board member & President of the Foundation Board | no data | €55.00k | 0.00018% € 11.0k |
Experienced Board: COV's board of directors are considered experienced (9.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/19 06:30 |
| End of Day Share Price | 2025/11/19 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Covivio is covered by 21 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.
| Analyst | Institution |
|---|---|
| Paul May | Barclays |
| Paul May | Barclays |
| Celine Huynh | Barclays |