- GS rent stood at €549.4m, down 0.1% lfl, and net income was up 6% to €333m or €5.07 per share, marginally in line with our expectations, and the dividend is announced at €4.30 per share; - GAV has reached €18bn or €11bn at GS (up 4% lfl) and NAV at €79.4 per share is up 7% and now only stands 8.5% below our 18 months forward NAV valuation; - Occupancy remained stable at 96% and the company’s average lease term now stands at 7.3 years; - Cost of debt
19 Feb 2016
An asset rotation year, higher quality ahead
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An asset rotation year, higher quality ahead
Covivio SA (COV:PAR) | 0 0 2.3% | Mkt Cap: 6,604m
- Published:
19 Feb 2016 -
Author:
Alda Kule Dale -
Pages:
2
- GS rent stood at €549.4m, down 0.1% lfl, and net income was up 6% to €333m or €5.07 per share, marginally in line with our expectations, and the dividend is announced at €4.30 per share; - GAV has reached €18bn or €11bn at GS (up 4% lfl) and NAV at €79.4 per share is up 7% and now only stands 8.5% below our 18 months forward NAV valuation; - Occupancy remained stable at 96% and the company’s average lease term now stands at 7.3 years; - Cost of debt