FdR published an H1 recurring net profit of €198.3m, up 12% yoy. Rental revenues recorded 3% growth (organic +1.9%, of which 4% from German residential). The occupation rate stood at 96.6%. LTV was around 42.9% vs. 44.6% in FY16. With acquisitions in Berlin, Milan, Barcelona and Madrid, the portfolio value increased by 9% yoy (3% lfl), standing at €21bn. EPRA NAV was up a notable 10% to €6.6bn (€88.4 per share). The development pipeline reached €4.1bn, of which 83% in
25 Jul 2017
Pursuit of the growth story
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Pursuit of the growth story
Covivio SA (COV:PAR) | 0 0 2.3% | Mkt Cap: 6,604m
- Published:
25 Jul 2017 -
Author:
Alda Kule Dale -
Pages:
3
FdR published an H1 recurring net profit of €198.3m, up 12% yoy. Rental revenues recorded 3% growth (organic +1.9%, of which 4% from German residential). The occupation rate stood at 96.6%. LTV was around 42.9% vs. 44.6% in FY16. With acquisitions in Berlin, Milan, Barcelona and Madrid, the portfolio value increased by 9% yoy (3% lfl), standing at €21bn. EPRA NAV was up a notable 10% to €6.6bn (€88.4 per share). The development pipeline reached €4.1bn, of which 83% in