Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Covivio is a prominent European real estate investment company specializing in high-quality office, residential, and hotel properties. It focuses on developing and managing sustainable urban environments in prime locations across major cities like Paris, Berlin, Milan, and London, emphasizing modern workspaces, mixed-use developments, and long-term value creation through active asset management. Covivio's portfolio includes premium office buildings designed for corporate tenants, residential complexes catering to urban living needs, and hospitality assets that integrate seamlessly into vibrant city districts. The company prioritizes environmental, social, and governance (ESG) principles, incorporating green certifications, energy efficiency, and community-oriented designs in its properties. Founded in 1975 and headquartered in Paris, France, Covivio plays a key role in the European real estate market by providing institutional investors with exposure to professionally managed, income-generating assets in dynamic metropolitan areas.
60.15% operating margin is above average. ROIC at 3.62%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 9.4%, steady but not accelerating. Margins contracted 2.6pp, which offsets some of the top-line progress.
Free cash flow declined 38% versus the prior year, cash generation momentum has weakened. Net debt of €9.73B represents 40.5x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€1.40B
▲ +9.4% YoY
Net Income (TTM)
€1.16B
▲ +487.5% YoY
Op. Margin
60.15%
▼ -2.6pp YoY
ROIC
3.62%
▲ +0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€240M
▼ -37.6% YoY
Op. Cash Flow (TTM)
€983M
▲ +19.3% YoY
Net Debt
€9.73B
Cash & Equiv.
€1.21B
3Y CAGR: +15.5%
3Y CAGR: +22.6%
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