Covivio
FNCDY
Other OTC15.55
USD
-0.80
- -
ISIN
US22357Q1058
CUSIP
22357Q105
Return %
Stock
S&P500
1Y
2.91
15.98
3Y
21.77
62.25
5Y
-26.27
67.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Christophe Kullmann
- Full Time Employees
- 968
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 30, Avenue Kléber Paris IF France 75016
- IPO Date
- Nov 3, 2021
- Website
- covivio.eu
- Similar Companies
- Business
- Covivio SA (Ticker: FNCDY), a leading European real estate investment and development company founded in 1963 and headquartered in Paris, France, owns, operates and manages a diversified portfolio of approximately €23.1 billion in assets concentrated in offices, residential properties and hotels across major cities including Paris, Berlin, Milan, Rome, London, Barcelona and Madrid. The company focuses on three core business segments—offices (51% of the portfolio, emphasizing city-center premium assets branded Wellio with flexible workspaces); German residential (29%, primarily over 41,200 housing units in Berlin and other key cities managed via Immeo SE, featuring modernization programs and unit sales); and hotels (20%, encompassing 38,354 rooms in 283 prime properties leased or operated through partnerships with brands such as Accor, Hilton, IHG, Marriott, B&B and NH Hotels, with 40% held in business and premises via the WiZiU management platform in France and Belgium)—targeting corporate tenants, hotel operators and residential customers in France, Germany, Italy, the United Kingdom, Spain and Belgium. Covivio maintains high occupancy rates of 97.2% overall (95.5% in offices, 99.2% in residential, 100% in hotels) and firm lease terms averaging 6.2 years, while pursuing sustainability with 98.5% of assets green-certified and a commitment to reduce emissions 40% from 2010 levels by 2030. Recent strategic developments include a €1.1 billion investment program in 2024 (67% in hotels at yields above 6.5%), featuring an increased stake to 52.5% in subsidiary Covivio Hotels via asset contributions from Generali; completion of an asset swap with AccorInvest consolidating ownership of 43 hotels and acquiring 24 operating companies for enhanced EBITDA; acquisition of the 429-room Iberostar Las Dalias resort in Tenerife's Canary Islands for €81 million under a triple-net lease to 2041; €766 million in disposals at a +3% premium to appraised values to finalize a €1.5 billion divestment plan; deliveries of office projects like The Sign D in Milan and hotel renovations in Lille and Bruges boosting RevPAR; a €500 million green bond issuance by Covivio Hotels; and guidance for 2025 recurring net result growth to €495 million with a proposed €3.50 per share dividend, up 6%.
Covivio (FNCDY) Q2 2026 Earnings Call Transcript
Covivio (FNCDY) Q4 2025 Earnings Call Transcript