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

Finance

April 21, 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