Covivio SA

Covivio SA

43.98
EUR
+0.44
(+1.01%)
5.95BMarket Cap
Feb 17Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
13.75
13.82
13.48
13.2
12.59
12.74
11.27
9.49
9.18
9.65
12.58
11.93
12.6
- -
Basic EPS, GAAP
5.62
1.87
7.33
11.57
12.41
9.99
8.76
3.94
9.79
6.61
-14.55
0.64
6.67
- -
Free Cash Flow per Basic Share
4.08
3.21
3.61
-5.15
-5.1
-1.43
1.16
-1.43
-0.09
1.39
5.55
3.6
2.17
- -
Dividend per Share
3.98
4.15
4.1
4.24
4.41
4.49
0.78
0.81
3.6
3.76
0.75
0.71
3.5
- -
Book Value per Share
67.46
65.26
69.68
77.23
85.1
91.45
95.33
91.03
97.51
100.64
79.44
74.27
77.8
76.39
Tangible Book Value per Share
65.03
62.98
69.11
76.85
84.75
89.37
93.41
89.33
96.11
99.18
78.08
71.16
74.68
73.29
Basic Weighted Avg Shares
61
63
66
68
74
75
85
91
94
94
97
107
111
111
Sales/Revenue/Turnover
832
875
885
893
927
956
961
867
866
906
1,227
1,276
1,396
- -
Operating Margin (%)
91.75
82.2
75.91
78.84
79.72
66.82
83.11
74.47
75.79
84.32
64.77
62.78
60.15
- -
Depreciation Expense
-28
42
80
26
18
195
73
96
92
62
70
115
144
- -
Net Income, GAAP
340
118
481
783
914
750
747
360
924
621
-1,419
68
739
- -
Effective Tax Rate (%)
0.28
48.86
6.01
5.68
7.55
9.22
9.83
13.48
11.55
10.73
- -
10.64
- -
- -
Profit Margin (%)
40.88
13.53
54.39
87.68
98.57
78.42
77.7
41.5
106.61
68.51
-115.68
5.34
52.92
- -
Working Capital
582
651
766
106
230
-244
-209
-221
115
-208
-2
-79
-208
-1,399
LT Debt
7,520
7,709
8,408
8,384
8,596
9,380
9,327
10,741
10,353
10,033
9,629
9,403
8,952
8,321
Total Equity
7,215
7,300
7,728
8,468
10,168
11,358
12,358
12,568
13,623
14,092
11,963
12,014
12,651
12,625
Return on Invested Capital (%)
5.03
2.81
6.23
7.61
8.1
6.22
7.01
2.68
5.14
2.82
- -
1.85
- -
- -
Return on Capital (%)
2.82
1.49
3.09
3.58
3.44
2.41
1.69
1.88
2.68
0.87
- -
1.02
- -
- -
Return on Common Equity (%)
8.39
2.8
10.95
15.75
15.67
10.77
9.42
4.26
10.39
6.66
-16.31
0.84
8.77
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
2,418
1,985
2,091
LT Borrowings
8,521
8,655
8,022
LT Finance Leases
302
296
299
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
111
111
111
Market Capitalization
5,950
6,245
5,950

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
2,684
2,566
1,920
Cash, Cash Equivalents & STI
1,364
1,208
667
Accounts Receivable, Net
356
227
340
Inventories
254
401
231
Total Current Liabilities
3,543
2,775
3,320
Payables & Accruals
- -
- -
- -
ST Debt
2,418
1,985
2,091
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.43%
0.49%
5.3%
Free Cash Flow
-215.04%
-283.06%
-37.61%
Net Income, GAAP
68.44%
135.05%
984.73%
Sales/Revenue/Turnover
5.19%
10.67%
9.44%
Total Cash Common Dividend
64.99%
139.04%
407.33%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,276
2025
- -
- -
1,396
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.64
2025
- -
- -
6.67
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.71
2025
- -
- -
3.5
2026
- -
- -
- -

Company Description

CEO
Christophe Joseph Kullmann
Full Time Employees
968
Sector
Finance
Industry
Real estate investment trusts
Address
10 rue de Madrid Paris IF France 75008
IPO Date
Jan 1, 2008
Website
covivio.eu
Business
Covivio SA (COV.PA) is a leading European real estate investment company focused on owning, developing, managing and servicing high-quality office, residential, hotel and commercial properties in prime urban locations. The company offers diversified assets including premium offices under brands such as Wellio for flexible workspaces; residential housing through its German subsidiary Immeo SE with over 41,200 units and French co-living initiatives like Covivio to Share; hotels totaling 38,354 rooms managed via its WiZiU platform supporting brands including Accor, Hilton, IHG and Marriott, alongside direct management and franchise models; and ancillary services encompassing concierge solutions, building digitalization via Facilioo, catering, well-being and mobility offerings. Covivio operates across key markets in France (notably Paris and La Défense), Germany (Berlin, Dusseldorf), Italy (Milan) and other European hubs such as Belgium, Spain and the UK, with a portfolio valued at €23.6 billion. Founded in 1963 and headquartered in Paris with registered offices in Metz, France, the company maintains a European footprint through subsidiaries like Covivio Immobilien and Covivio Office Holding. Recent developments include the completion of an €800 million hotel portfolio exchange with AccorInvest in late 2024, resulting in ownership of 43 hotels across France, Belgium and Germany with €100 million earmarked for renovations in 2025 including properties like Ibis Montmartre in Paris; a strategic joint venture with CDC Investissement Immobilier finalized in 2024 on a €274 million Berlin residential portfolio; €311 million in 2025 investments (Group share) primarily in city-center developments such as the 60,000 m² Alexanderplatz mixed-use project in Berlin (delivery 2027) and the 11,200 m² Beige office in Paris CBD (delivery 2026); and signing of €191 million in new disposals year-to-date through September 2025, alongside 176,200 m² of office contracts and six French office-to-housing redevelopment projects yielding over 800 units.

Company News