Covivio: 7% growth in Q1 revenues

(CercleFinance.com) - Covivio has announced a 7% LFL rise in revenues at end-March, driven by 51% growth for hotels, thanks to the recovery in variable revenues, as well as an occupancy rate of 95.
2% compared to 95.0% at the end of 2021.

The property company has assets of 26.7 billion euros (17.7 billion euros group share) in Europe, of which 57% are offices in France, Italy and Germany, 28% residential in Germany and 15% hotels.

In addition, Covivio said that its general meeting yesterday approved all resolutions, including the distribution on 27 April of a cash dividend of 3.75 euros per share, up 4.2%, thereby offering a yield of 5.1%.



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