Covivio Hotels Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	231	270.1	264	238.85	180.87
Property Management Fees	470	8.1	5.6	4.7	2.96
Other Revenue	9	97.7	72.6	81.39	32.12
Total Revenue	710	375.9	342.2	324.94	215.94
Revenue Growth (YoY	88.88%	9.85%	5.31%	50.47%	45.91%
Property Expenses	363	29.6	31	28.18	27.32
Depreciation & Amortization	97	56.7	48.2	38.18	42.34
Other Operating Expenses	-15	-14.7	-23.8	-10.72	-16.52
Total Operating Expenses	444	72.6	55.9	44.9	65.87
Operating Income	266	303.3	286.3	280.04	150.08
Interest Expense	-63	-119	-104.7	-61.75	-55.5
Interest & Investment Income	-	14.2	4.6	1.81	1.27
Other Non-Operating Income	-11	10.1	-45.1	192.34	50.1
EBT Excluding Unusual Items	192	208.6	141.1	412.44	145.95
Gain (Loss) on Sale of Investments	7	50.9	-197.5	92.16	-17.45
Gain (Loss) on Sale of Assets	-2	12.6	0.3	3.04	-0.46
Asset Writedown	113	-	-	-	-
Other Unusual Items	-	-4.9	-3.8	-0.01	-22.5
Pretax Income	310	267.2	-59.9	507.63	105.55
Income Tax Expense	-10	30.5	-34.6	5.58	31.11
Earnings From Continuing Operations	320	236.7	-25.3	502.05	74.44
Net Income to Company	320	236.7	-25.3	502.05	74.44
Minority Interest in Earnings	-12	-12.1	13.7	-23.26	-24.15
Net Income	308	224.6	-11.6	478.79	50.29
Net Income to Common	308	224.6	-11.6	478.79	50.29
Net Income Growth	37.13%	-	-	852.06%	-
Basic Shares Outstanding	158	148	148	148	141
Diluted Shares Outstanding	158	148	148	148	141
Shares Change (YoY)	6.65%	-	0.00%	4.96%	10.49%
EPS (Basic)	1.95	1.52	-0.08	3.23	0.36
EPS (Diluted)	1.95	1.52	-0.08	3.23	0.36
EPS Growth	28.58%	-	-	806.41%	-
Dividend Per Share	1.500	1.500	1.300	1.250	0.650
Dividend Growth	-	15.38%	4.00%	92.31%	150.00%
Operating Margin	37.46%	80.69%	83.67%	86.18%	69.50%
Profit Margin	43.38%	59.75%	-3.39%	147.35%	23.29%
EBITDA	323.5	360.8	329.5	321.19	192.42
EBITDA Margin	45.56%	95.98%	96.29%	98.85%	89.11%
D&A For Ebitda	57.5	57.5	43.2	41.14	42.34
EBIT	266	303.3	286.3	280.04	150.08
EBIT Margin	37.46%	80.69%	83.67%	86.18%	69.50%
Effective Tax Rate	-	11.42%	-	1.10%	29.47%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.