France · Delayed Price · Currency is EUR Covivio Hotels Earnings Call Transcripts
Fiscal Year 2025
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Q1 delivered 5% revenue growth across all asset classes, with strong office occupancy, robust German residential growth, and hotel outperformance. Guidance for €495 million recurring results is confirmed, supported by a diversified, quality-focused portfolio.
Fiscal Year 2024
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The group delivered on its two-year plan, achieving €1.5bn in disposals, reducing leverage, and shifting its portfolio toward hotels and city-center offices. Future strategy targets a balanced mix of offices, hotels, and residential, with strong ESG commitments and a focus on value creation through asset rotation, development, and operational excellence.
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Revenue grew 4.9% at current scope and 6.8% like-for-like, led by hotels and German residential. Disposals progressed above appraisal values, and occupancy rates improved across all segments. Management remains optimistic, with a return to cash dividend and further hotel focus planned.