Covivio S.A.: Recovery of European Real Estate Markets Enables Forecast Increase!

Covivio S.A. is a leading European real estate company. The group presented its half-year report on July 21. Revenues increased by 9% on a current basis and by 5% on a like-for-like basis, corresponding to a group profit share of 356 million euros (total: 527 million euros). Notably, there was a significant increase in recurring earnings (Adjusted EPRA Earnings) of 14% compared to the previous year, amounting to 263.2 million euros. Covivio's portfolio also experienced a value increase of 3.1% on a current basis and 1.5% on a like-for-like basis,...