22-04-2020

First quarter 2020 Activity

A diversified and secure model

• 84% of the portfolio made up of offices and residential
  97.6% occupancy rate and 7-year firm average maturity of leases

A solid and strengthened balance sheet

• The General Meeting approved the scrip dividend option
• Enabling a capital increase of €200-€420 million
• €2.5 billion of liquidity available at end-March

Consolidation in German offices well on track

• At present, Covivio holds 59% of the Godewind Immobilien capital
• This transaction strengthens the portfolio on one of Europe’s most resilient real estate markets

Disposal target of more than €600m Group share in 2020

• €179m (€102m Group share) in sales realized in the first quarter and €190m (€164m Group share) in new sales agreements
• Of which €132m completed and €157m signed since the start of the lockdown

Revenues at end-March 2020: +2.3% on a like for like basis, excluding hotels

• Healthy activity in offices (+1.8% at like for like scope) and residential (+3.5%)
• Impact of the pandemic on hotels: -10% at like for like scope

Coronavirus: Covivio on the move to contribute to the solidarity effort

• Covivio making several of its hotels available
• The Covivio Foundation is increasing its donation for 2020 and will focus its first actions on supporting the communities most affected by the economic impact of the crisis
• Covivio supporting struggling VSEs and SMEs