Covivio 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	862	952.9	935	905.98	866.31
Property Management Fees	26.6	25.8	19.1	16.07	14.07
Other Revenue	194.7	140.5	65.5	146.24	86.3
Total Revenue	1,083	1,119	1,020	1,068	966.68
Revenue Growth (YoY	-3.21%	9.77%	-4.56%	10.51%	4.75%
Property Expenses	135.4	61.6	68.3	208.92	203.29
Depreciation & Amortization	123.4	112.9	73.6	58.93	75.17
Other Operating Expenses	-0.3	-16.8	-24.9	-12.57	-17
Total Operating Expenses	258.5	161.9	120.4	249.67	275.49
Operating Income	824.8	957.3	899.2	818.62	691.19
Interest Expense	-168.3	-422.2	-359.4	-159.48	-163.84
Interest & Investment Income	-	239.7	176.1	16.72	11.08
Currency Exchange Gain (Loss)	-	0.6	-	-0.59	-0.71
Other Non-Operating Income	-21.4	-95.5	-207.3	568.4	109.51
EBT Excluding Unusual Items	635.1	679.9	508.6	1,244	647.23
Merger & Restructuring Charges	-	-5	-4.2	-0.43	-23.27
Gain (Loss) on Sale of Investments	-0.4	-1.5	-0.9	43.08	-0.84
Gain (Loss) on Sale of Assets	-1.4	10.9	-37.9	-0.49	4.65
Asset Writedown	331.4	-330.5	-2,437	-	835.28
Pretax Income	964.7	220.8	-2,110	1,286	1,463
Income Tax Expense	-195.1	23.5	-207.3	137.93	169.02
Earnings From Continuing Operations	1,160	197.3	-1,903	1,148	1,294
Net Income to Company	1,160	197.3	-1,903	1,148	1,294
Minority Interest in Earnings	-421.1	-129.2	484.1	-527.21	-370.43
Net Income	738.7	68.1	-1,419	620.69	923.6
Net Income to Common	738.7	68.1	-1,419	620.69	923.6
Net Income Growth	984.73%	-	-	-32.80%	156.72%
Basic Shares Outstanding	107	107	97	94	94
Diluted Shares Outstanding	107	108	97	94	95
Shares Change (YoY)	-0.57%	10.30%	3.82%	-1.07%	0.79%
EPS (Basic)	6.91	0.64	-14.55	6.61	9.79
EPS (Diluted)	6.91	0.63	-14.55	6.61	9.73
EPS Growth	996.75%	-	-	-32.07%	154.71%
Dividend Per Share	3.750	3.500	3.300	3.750	3.750
Dividend Growth	7.14%	6.06%	-12.00%	-	4.17%
Operating Margin	76.14%	85.53%	88.19%	76.63%	71.50%
Profit Margin	68.19%	6.08%	-139.15%	58.10%	95.54%
EBITDA	937.7	1,070	972.8	877.55	766.36
EBITDA Margin	86.56%	95.62%	95.41%	82.15%	79.28%
D&A For Ebitda	112.9	112.9	73.6	58.93	75.17
EBIT	824.8	957.3	899.2	818.62	691.19
EBIT Margin	76.14%	85.53%	88.19%	76.63%	71.50%
Effective Tax Rate	-	10.64%	-	10.73%	11.55%
Revenue as Reported	1,064	-	-	-	-

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