Covivio APP

21-04-2022

Activity at end-March 2022:Strong recovery confirmed in the first quarter of 2022

Good operating momentum across all businesses

  • 36,100 m2 of office space let or pre-let; increase in the office occupancy rate to 92.4%
  • Major progress in the asset management of our manage-to-core offices
  • Fresh successes in our development pipeline: Stream Building and Anjou 94% and 100% pre-let respectively
  • Hotels: strengthening of the recovery and inaugural brand management transaction in France
  • Continued good momentum in German residential
  • €183 million in new sales commitments, with an average margin of 2% above the latest appraisal values

Covivio continues its CSR roadmap and strengthens its teams

  • Carbon trajectory: 26% reduction in our carbon emissions between 2010 and 2021, on track for the goal of a 40% reduction on scopes 1, 2 and 3 (including construction) by 2030
  • Continued rollout of the Covivio Foundation: 12 non-profits supported in France, Italy and Germany
  • Reinforcement of teams: appointment of Friederike Hoberg as new head of the German offices business

General Meeting approves all resolutions

  • Payment on 27 April of a cash dividend of €3.75 per share representing an increase of 4.2% and a yield of 5.1%
  • Strengthening the expertise of the Board of Directors: appointment of Daniela Schwarzer as an independent director

Strong revenue growth at end-March 2022: +7% like-for-like

  • Offices: +2.9% on a like-for-like basis
  • Germany Residential: +2.9%, with +3.6% in North Rhine-Westphalia and +2.6% in Berlin
  • Hotels: +51%, driven by the recovery in variable rents
  • 95.2% occupancy rate of vs 95.0% at the end of 2021

Press release:

Download press release

Contact:

Press Relations

Géraldine Lemoine

Tél : + 33 (0)1 58 97 51 00

geraldine.lemoine@covivio.fr

 

Louise-Marie Guinet

Tél : + 33 (0)1 43 26 73 56

covivio@wellcom.fr

Investor Relations

Paul Arkwright

Tél : 33 (0)1 58 97 51 85

paul.arkwright@covivio.fr

 

Quentin Drumare

Tél : 33 (0)1 58 97 51 94

quentin.drumare@covivio.fr