Covivio Past Earnings Performance

Past criteria checks 0/6

Covivio's earnings have been declining at an average annual rate of -13.5%, while the Office REITs industry saw earnings growing at 14% annually. Revenues have been declining at an average rate of 3.9% per year.

Key information

-13.5%

Earnings growth rate

-18.3%

EPS growth rate

Office REITs Industry Growth	15.1%
Revenue growth rate	-3.9%
Return on equity	-7.8%
Net Margin	-82.3%
Next Earnings Update	19 Oct 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Covivio makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BIT:4COV Revenue, expenses and earnings (EUR Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 23	1,051	-865	6
31 Mar 23	1,059	-122	0
31 Dec 22	1,068	621	-6
30 Sep 22	1,050	937	-2
30 Jun 22	1,031	1,252	2
31 Mar 22	999	1,088	8
31 Dec 21	967	924	14
30 Sep 21	947	778	16
30 Jun 21	928	632	18
31 Mar 21	925	496	22
31 Dec 20	923	360	25
30 Sep 20	930	473	17
30 Jun 20	938	586	10
31 Mar 20	1,022	667	7
31 Dec 19	1,106	747	5
30 Sep 19	1,183	693	5
30 Jun 19	1,260	639	5
31 Mar 19	1,261	694	4
31 Dec 18	1,261	750	3
30 Sep 18	1,190	820	5
30 Jun 18	1,118	890	6
31 Mar 18	1,058	902	8
31 Dec 17	998	914	10
30 Sep 17	980	889	9
30 Jun 17	961	864	7
31 Mar 17	965	825	6
31 Dec 16	968	787	4
30 Sep 16	991	712	4
30 Jun 16	1,013	637	4
31 Mar 16	1,012	566	5
31 Dec 15	1,012	494	6
30 Sep 15	1,009	414	8
30 Jun 15	1,007	334	10
31 Mar 15	999	214	9
31 Dec 14	991	95	9
30 Sep 14	996	130	8
30 Jun 14	1,000	165	8
31 Mar 14	979	253	8
31 Dec 13	957	340	9
30 Sep 13	920	244	8
30 Jun 13	883	147	8
31 Mar 13	883	60	6
31 Dec 12	882	-27	5
30 Sep 12	905	20	6

Quality Earnings: 4COV is currently unprofitable.

Growing Profit Margin: 4COV is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 4COV is unprofitable, and losses have increased over the past 5 years at a rate of 13.5% per year.

Accelerating Growth: Unable to compare 4COV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 4COV is unprofitable, making it difficult to compare its past year earnings growth to the Office REITs industry (-11.7%).

Return on Equity

High ROE: 4COV has a negative Return on Equity (-7.82%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Analysts Target

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Covivio Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Covivio to Report Q2, 2024 Results on Jul 22, 2024

Full year 2022 earnings released: EPS: €6.61 (vs €9.79 in FY 2021)

Full year 2022 earnings released

Covivio to Report First Half, 2023 Results on Jul 20, 2023

Covivio to Report Fiscal Year 2022 Results on Feb 21, 2023

First half 2022 earnings released

Recent updates

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 to Report Q2, 2024 Results on Jul 22, 2024

Covivio, Annual General Meeting, Apr 17, 2024

An unknown buyer acquired Anjou office building located in Paris from Covivio (ENXTPA:COV).

Full year 2022 earnings released: EPS: €6.61 (vs €9.79 in FY 2021)

Full year 2022 earnings released

Covivio to Report First Half, 2023 Results on Jul 20, 2023

Covivio to Report Fiscal Year 2022 Results on Feb 21, 2023

Now 23% undervalued after recent price drop

First half 2022 earnings released

Investor sentiment deteriorated over the past week

Now 22% undervalued after recent price drop

Now 20% undervalued after recent price drop

Upcoming dividend of €3.75 per share

Now 20% undervalued after recent price drop

Now 20% undervalued

Full year 2021 earnings: Revenues miss analyst expectations

Covivio to Report Fiscal Year 2021 Results on Feb 22, 2022

Now 20% undervalued after recent price drop

Covivio (ENXTPA:COV) acquired Residential portfolio of 640 homes in Berlin from Nox Capital for €154 million.

First half 2021 earnings released: EPS €4.95 (vs €2.19 in 1H 2020)

Covivio (ENXTPA:COV) acquired 552 units of Residential Portfolio In Berlin for approximately €130 million.

Indigo Group S.A. agreed to acquire Parking Concessions and Long-term Leases Portfolio from Covivio (ENXTPA:COV).

Upcoming dividend of €3.60 per share

Banca Finnat Euramerica S.p.A. (BIT:BFE) acquired an additional 17.9% stake in Investire SGR S.p.A. from Covivio (ENXTPA:COV).

New 90-day low: €64.40

Fondo Thesaurus acquired Two office building in Milan from Covivio (ENXTPA:COV) for €137 million.

Covivio to Report First Half, 2021 Results on Jul 21, 2021

New 90-day high: €77.10

Market bids up stock over the past week

New 90-day high: €66.50

New 90-day low: €55.05

Covivio to Report Fiscal Year 2020 Results on Feb 18, 2021

Covivio to Report Nine Months, 2020 Results on Oct 15, 2020

Fonciere des Regions (ENXTPA:FDR) acquired 2,000 residential units in Hamburg for approximately €240 million.

New 90-day low: €57.40

Earnings released

Tikehau Residential 1 fund of Tikehau Investment Management SAS acquired Portfolio of around 520 residential parcels in France from Covivio (ENXTPA:COV).

Arete, a fund managed by Kryalos SGR S.p.A. completed the acquisition of portfolio of mature and non-core assets from Covivio (ENXTPA:COV).

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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Revenue & Expenses Breakdown
Beta