Announcement • Mar 05
Covivio, Annual General Meeting, Apr 16, 2026 Covivio, Annual General Meeting, Apr 16, 2026. Location: 10 rue de madrid, paris France Announcement • Feb 21
Covivio Proposes Cash Dividend for the Year 2025, Payable on 19 March 2026 and 17 July 2026 Respectively Covivio proposed cash dividend of EUR 3.75 per share for the year 2025, up 7% year-on-year, payable in two instalments. The company will submit to the vote of the Annual General Meeting on 16 April 2026. Considering the recurring nature of its business, the company will distribute the dividend in two instalments: an interim dividend of EUR 1.50 per share will be paid on 19 March 2026 (ex-dividend date: 17 March 2026), with the balance of EUR 2.25 per share to be paid on 17 July 2026 (ex-dividend date: 15 July 2026). Announcement • Oct 24
Covivio to Report Nine Months, 2026 Results on Oct 21, 2026 Covivio announced that they will report nine months, 2026 results on Oct 21, 2026 Announcement • Jun 18
Covivio (ENXTPA:COV) acquired remaining 25% stake in Tour Gan Office Tower from an unknown institutional investor in France. Covivio (ENXTPA:COV) acquired remaining 25% stake in Tour Gan Office Tower from an unknown institutional investor in France on June 16, 2025. Covivio now owns 100% stake in Tour Gan Office Tower (CB21).
Veil Jourde acted as legal advisor for Covivio. The seller was advised by KPMG Avocats, Brice Engel of White & Case Paris and Rothschild & Co.
Covivio (ENXTPA:COV) completed the acquisition of remaining 25% stake in Tour Gan Office Tower from an unknown institutional investor in France on June 16, 2025. Announcement • Mar 06
Covivio, Annual General Meeting, Apr 17, 2025 Covivio, Annual General Meeting, Apr 17, 2025. Location: 10 rue de madrid, paris France Announcement • Nov 15
Covivio to Report First Half, 2025 Results on Jul 21, 2025 Covivio announced that they will report first half, 2025 results on Jul 21, 2025 Announcement • Oct 23
Covivio to Report Fiscal Year 2024 Results on Feb 19, 2025 Covivio announced that they will report fiscal year 2024 results on Feb 19, 2025 Announcement • Feb 23
Covivio (ENXTPA:COV) signed an agreement to acquire additional 8.3% stake in Covivio Hotels (ENXTPA:COVH) from Generali Asset Management SGR SpA for €160 million. Covivio (ENXTPA:COV) signed an agreement to acquire additional 8.3% stake in Covivio Hotels (ENXTPA:COVH) from Generali Asset Management SGR SpA for €160 million on February 21, 2024. Covivio will issue 31 shares for every 100 Covivio Hotels shares. The transaction is subject to approval by the Contribution Appraiser. After completion of transaction, Covivio will hold 52.2% stake in Covivio Hotels and will file a mandatory simplified public exchange offer (the “Offer”) for the rest of the shares of Covivio Hotels, based on an exchange ratio of 31 Covivio shares for 100 Covivio Hotels shares. The transaction is expected to complete by end of April. Announcement • Feb 09
Covivio to Report Q2, 2024 Results on Jul 22, 2024 Covivio announced that they will report Q2, 2024 results Pre-Market on Jul 22, 2024 Announcement • Feb 06
Covivio, Annual General Meeting, Apr 17, 2024 Covivio, Annual General Meeting, Apr 17, 2024, at 18:00 Central European Standard Time. Announcement • Sep 22
An unknown buyer acquired Anjou office building located in Paris from Covivio (ENXTPA:COV). An unknown buyer acquired Anjou office building located in Paris from Covivio (ENXTPA:COV) on September 21, 2023.
An unknown buyer completed the acquisition of Anjou office building located in Paris from Covivio (ENXTPA:COV) on September 21, 2023. Reported Earnings • Apr 09
Full year 2022 earnings released: EPS: €6.61 (vs €9.79 in FY 2021) Full year 2022 results: EPS: €6.61 (down from €9.79 in FY 2021). Revenue: €1.07b (up 11% from FY 2021). Net income: €620.7m (down 33% from FY 2021). Profit margin: 58% (down from 96% in FY 2021). The decrease in margin was driven by higher expenses. Net asset value (NAV) per share: €100.00 (up 3.2% from FY 2021). The current share price is 47% lower than NAV per share. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 25
Full year 2022 earnings released Full year 2022 results: Revenue: €937.5m (down 3.0% from FY 2021). Net income: €620.7m (down 33% from FY 2021). Profit margin: 66% (down from 96% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the REITs industry in Europe. Announcement • Jan 27
Covivio to Report First Half, 2023 Results on Jul 20, 2023 Covivio announced that they will report first half, 2023 results on Jul 20, 2023 Buying Opportunity • Oct 11
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €61.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 5.7% in 2 years. Earnings is forecast to decline by 57% in the next 2 years. Reported Earnings • Jul 22
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €466.9m from profit in 1H 2021). Profit margin: (down from 102% in 1H 2021). Over the next year, revenue is forecast to stay flat compared to a 1.4% decline forecast for the industry in Italy. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €56.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the REITs industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €77.79 per share. Buying Opportunity • May 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €84.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 9.2%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is forecast to decline by 6.0% per annum over the same time period. Buying Opportunity • Apr 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.1%. The fair value is estimated to be €85.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 9.2%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is forecast to decline by 6.0% per annum over the same time period. Upcoming Dividend • Apr 18
Upcoming dividend of €3.75 per share Eligible shareholders must have bought the stock before 25 April 2022. Payment date: 27 April 2022. Trailing yield: 5.1%. Within top quartile of Italian dividend payers (4.7%). Higher than average of industry peers (4.0%). Buying Opportunity • Apr 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.0%. The fair value is estimated to be €87.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 9.2%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is forecast to decline by 5.4% per annum over the same time period. Buying Opportunity • Feb 24
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €90.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% per annum over the last 3 years. Earnings per share has been flat over the last year. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: €865.6m (down 6.2% from FY 2020). Net income: €923.6m (up 157% from FY 2020). Net asset value (NAV) per share: €96.90 (up 7.0% from FY 2020). The current share price is 26% lower than NAV per share. Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 18% while thereits industry in Italy is not expected to grow. Buying Opportunity • Jan 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.1%. The fair value is estimated to be €91.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% per annum over the last 3 years. Earnings per share has declined by 27% per annum over the last 3 years. Reported Earnings • Jul 24
First half 2021 earnings released: EPS €4.95 (vs €2.19 in 1H 2020) First half 2021 results: Revenue: €410.5m (down 17% from 1H 2020). Net income: €466.9m (up 140% from 1H 2020). Upcoming Dividend • Apr 19
Upcoming dividend of €3.60 per share Eligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 4.7%. Within top quartile of Italian dividend payers (4.0%). Higher than average of industry peers (3.8%). Is New 90 Day High Low • Feb 18
New 90-day low: €64.40 The company is down 11% from its price of €72.00 on 20 November 2020. The Italian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €97.55 per share. Is New 90 Day High Low • Dec 04
New 90-day high: €77.10 The company is up 27% from its price of €60.75 on 04 September 2020. The Italian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 25% share price gain to €66.50, the stock is trading at a trailing P/E ratio of 10.3x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 15x in the REITs industry in Europe. Total return to shareholders over the past year is a loss of 28%. Is New 90 Day High Low • Nov 10
New 90-day high: €66.50 The company is up 6.0% from its price of €62.50 on 12 August 2020. The Italian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €90.55 per share. Is New 90 Day High Low • Oct 22
New 90-day low: €55.05 The company is down 11% from its price of €62.05 on 24 July 2020. The Italian market is down 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €93.27 per share. Is New 90 Day High Low • Sep 22
New 90-day low: €57.40 The company is down 15% from its price of €67.70 on 24 June 2020. The Italian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €99.88 per share.