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    Real estate investment trusts
Covivio Hotels SCA

Covivio Hotels SCA

20.20
EUR
0.00
(0.00%)
3.62BMarket Cap
Covivio Hotels SCA
LSE:0IS8
(London Stock Exchange)

Recent

price

20.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
7.38
6.68
2.76
2.94
2.89
2.65
2.35
2.35
4.3
4.02
1.94
2.04
3.15
3.72
3.95
4.4
- -
Revenue per Share
9.46
4.63
1.49
2.52
1.44
2.66
2.46
2.84
1.73
2.9
-2.61
0.36
3.23
-0.08
1.52
1.95
- -
Basic EPS, GAAP
4.38
4.13
2.73
2.69
2.8
2.43
2.15
2.06
2.29
2.27
0.22
0.6
1.25
1.93
1.44
1.63
- -
Free Cash Flow per Basic Share
2.54
2.72
1.26
1.39
1.47
1.49
1.49
1.34
1.46
1.51
0.02
0.24
0.65
1.25
1.3
0.25
- -
Dividend per Share
20.02
20.95
20.41
21.54
21.96
23.13
24.09
24.62
25.48
26.81
21.93
21.61
24.15
22.86
23.18
23.37
22.89
Book Value per Share
20.02
20.95
20.41
21.54
21.96
23.13
24.09
24.62
24.25
25.64
20.92
20.82
23.34
22.07
20.98
21.31
20.83
Tangible Book Value per Share
28
30
67
69
68
77
77
89
112
122
129
141
148
148
148
158
158
Basic Weighted Avg Shares
204
204
185
204
196
204
181
209
483
488
251
288
467
551
586
695
- -
Sales/Revenue/Turnover
186.01
93.99
91.72
87.09
90.46
89.58
90.55
91.62
49.91
52.63
38.44
52.73
53.55
52.41
49.55
36.4
- -
Operating Margin (%)
- -
- -
1
- -
- -
- -
- -
- -
176
42
51
61
41
43
58
98
- -
Depreciation Expense
261
141
100
175
98
204
189
252
194
352
-337
50
479
-12
225
308
- -
Net Income, GAAP
3.09
6.08
3.9
2.67
7.6
4.38
13.25
1.41
6.83
3.69
- -
29.47
1.1
- -
11.41
- -
- -
Effective Tax Rate (%)
128.13
69.41
53.97
85.76
49.84
100.39
104.35
120.72
40.13
72.15
-134.56
17.43
102.63
-2.11
38.36
44.25
- -
Profit Margin (%)
280
325
227
-8
93
350
11
145
344
171
-151
201
-140
7
45
214
-52
Working Capital
1,715
1,465
1,540
1,278
1,342
1,484
1,273
1,674
2,733
2,762
2,918
2,913
2,485
2,482
2,535
2,458
2,486
LT Debt
1,220
1,276
1,563
1,646
1,838
1,941
2,053
2,405
3,304
3,486
3,118
3,399
3,763
3,551
3,601
3,862
3,789
Total Equity
12.78
6.36
5.67
5.97
5.36
5.48
4.32
5.04
4.31
3.92
- -
1.56
4
- -
3.91
- -
- -
Return on Invested Capital (%)
9.06
6.01
3.97
6.21
3.79
6.44
5.99
6.47
4.13
5.81
- -
0.96
7.95
- -
4.83
- -
- -
Return on Capital (%)
24.16
11.31
7.4
12.02
6.14
11.8
10.4
12.5
7.43
11.15
-10.86
1.64
14.13
-0.33
6.58
8.64
- -
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
482
93
280
LT Borrowings
2,177
2,181
2,207
LT Finance Leases
282
277
280
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
158
158
158
Market Capitalization
3,586
3,665
3,618

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
882
477
471
Cash, Cash Equivalents & STI
607
338
228
Accounts Receivable, Net
130
34
84
Inventories
3
3
2
Total Current Liabilities
758
263
523
Payables & Accruals
- -
- -
- -
ST Debt
482
93
280
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.8%
4.55%
7.23%
Free Cash Flow
32.7%
73.95%
21.04%
Net Income, GAAP
-147.58%
-272.9%
37%
Sales/Revenue/Turnover
20.8%
23.98%
18.75%
Total Cash Common Dividend
- -
272.89%
-79.54%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
586
2025
- -
- -
695
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.52
2025
- -
- -
1.95
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.3
2025
- -
- -
0.25
2026
- -
- -
- -
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Business
Covivio Hotels SCA (COVH.PA) owns and manages a diversified portfolio of hotel properties across Europe, serving as the leading real estate partner to major hotel operators including Accor, IHG, NH Hotel Group, B&B Hotels, Meininger Hotels and Radisson Hotel Group. The company holds 283 hotels valued at €6.4 billion as of end-2024, spanning 12 countries with primary operations in France, Germany, Italy, Spain, Belgium and the UK; approximately 59% of the portfolio operates under long-term leases with an average residual term of 11 years, while 41% involves premises and business models concentrated in Germany and France. Its asset management activities include direct operations via the WiZiU platform, franchise agreements with brands such as Hilton and Marriott, and contributions to innovative concepts like hybrid lofts for living, working and leisure. Founded in 2003 as Foncière des Murs and headquartered at 10 rue de Madrid in Paris, France, Covivio Hotels functions as a subsidiary of Covivio SA with around 19-24 employees and focuses on sustainable investments, achieving 97.5% environmental certification across its portfolio targeting 100% by 2025. Core services encompass property acquisition, development, renovation and management support, including financing and operational optimisation to enhance tenant development in dynamic metropolitan areas. Revenue derives primarily from rental income, management contracts and joint ventures, with emphasis on high-occupancy urban and tourist destinations. Recent strategic developments include Covivio increasing its stake in the subsidiary to 52.5% in the first half of 2024 via an 8.7% holdings increase, alongside finalising a major consolidation deal with AccorInvest in December 2024 involving the acquisition of 43 operating companies valued at €393 million in exchange for 16 hotel properties to strengthen asset management in tourist-heavy regions. The company completed four hotel renovations in 2024, including two in Lille, one in Bruges with a new Novotel concept adding 12 rooms, and one leased to Melia in Malaga representing 458 keys and €28.5 million in works at over 15% yield. Further expansions encompass the €81 million acquisition of the 4-star Iberostar Las Dalias hotel in Tenerife from Starwood Capital in late 2024, marking its first property purchase since 2020, plus plans for around ten additional renovation programmes starting 2025 such as Ibis Montmartre and Mercure hotels in Boulogne, Nice and Lyon with a €100 million investment.