France · Delayed Price · Currency is EUR Covivio Hotels Earnings Call Transcripts
Fiscal Year 2025
-
Q1 delivered 5% revenue growth, with strong performances in offices, German residential, and hotels. Portfolio diversification and asset rotation supported resilient cash flows, and guidance for €495 million recurring results is confirmed.
Fiscal Year 2024
-
Delivered on €1.5bn disposal plan, rebalanced portfolio toward hotels and city-center assets, and maintained strong operational and ESG performance. Growth will focus on hotel expansion, German residential, and office centrality, with disciplined capital allocation and a long-term one-third split across asset classes.
-
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.