Covivio
GSEFF
Other OTC65.30
USD
- -
- -
ISIN
FR0000064578
Return %
Stock
S&P500
1Y
17.87
26.57
3Y
32.72
76.60
5Y
-28.44
78.48
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
- 989
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 30, Avenue Kléber Paris France 75016
- IPO Date
- Jun 14, 2013
- Website
- covivio.eu
- Similar Companies
- Business
- Covivio SA (GSEFF) is a leading European real estate investment company that invests in, develops, manages and operates high-quality office, residential and hotel properties primarily in major cities including Paris, Berlin, Milan, Hamburg, Düsseldorf and other key European hubs; its portfolio totals €23.6 billion at 100% (€16.0 billion Group share as of June 2025), with offices comprising 50%, Germany residential 30% and hotels 20%; the company operates through segments such as France Offices (Paris CBD, Greater Paris, regional cities), Italy Offices (Milan CBD, Telecom Italia portfolio), Germany Offices (top seven cities), Germany Residential (Berlin, Dresden/Leipzig, Hamburg, North Rhine-Westphalia via 61.7%-owned Covivio Immobilien), Hotels in Europe (lease and operating properties across France, Germany, UK, Spain, Belgium, Italy and others via 52.5%-owned Covivio Hotels with 283 prime hotels managed by operators including Accor, Marriott, IHG, Radisson, Minor and B&B), and minor non-strategic activities. Founded in 1963 and headquartered in Paris, France, Covivio focuses on centrality (94% of assets in central areas), sustainability (98.6% green-certified) and an integrated operator model with services like Wellio co-working offices and WiZiU hotel management. In recent developments, the company completed a value-creating asset swap with Essendi (formerly AccorInvest) at end-2024 consolidating hotel operating companies (€157 million Group share value, shifting portfolio to 38% operating properties with >20% marginal yield on €52 million capex), acquired an additional 8.7% stake in Covivio Hotels from Generali in H1 2024 (now 52.5% ownership, adding €507 million in assets), purchased the 429-room Iberostar Las Dalias leisure hotel in Tenerife for €81 million (€43 million Group share) in December 2024 at 6.75% stabilized yield, formed a joint venture with CDC Investissement Immobilier on Berlin residential assets, invested €1.1 billion overall in 2024 (67% in hotels) and €215 million Group share in H1 2025 (including CB21 tower minority stake and development capex), signed €766 million Group share disposal agreements in 2024 at +3% premium to appraised values (finalizing €1.5 billion divestment plan) and €132 million in H1 2025, delivered projects like Corte Italia (Milan, 100% let, 6% yield on cost) and advanced a committed pipeline of 219,000 m² offices/mixed-use (35% pre-let, €82 million additional revenue potential) plus hotel regenerations; these actions drove H1 2025 revenues to €356 million Group share (+8.9%), portfolio value up +3.1% to €16.0 billion Group share, occupancy at 97.3% and recurring earnings guidance of €495 million for 2025 (+4%).
Covivio (OTCMKTS:GSEFF) Short Interest Up 45.0% in October