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The latest update is out from Covivio SA ( (FR:COV) ).
Covivio SA’s 2024 financial results show a 10% increase in recurring income and a strengthened balance sheet, driven by strategic investments and disposals, particularly in the hospitality sector. The company reported strong operational performance across its portfolio, with significant growth in revenues and reduced leverage ratios. Covivio’s focus on sustainable development and its strategic priorities for 2025 aim to continue this growth trajectory, with a proposed 6% increase in dividends.
More about Covivio SA
Covivio SA operates as a diversified real estate company with a strong presence in Europe, particularly in Paris, Berlin, and Milan. The company focuses on three main sectors: office spaces, hotels, and residential properties, with a strategic emphasis on central urban locations and sustainable development. Covivio’s integrated operating model, inspired by the hospitality industry, includes platforms like WiZiU for hotels and Wellio for office spaces.
YTD Price Performance: 2.66%
Average Trading Volume: 18,925
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €5.63B
For a thorough assessment of COV stock, go to TipRanks’ Stock Analysis page.