Brief: Covivio Hotels FY Total Revenue Group Share 280.0 Million Euros

Covivio Hotels SCA

12/02/2020 08:17

Feb 12 (Reuters) - Covivio Hotels SCA  COVH.PA :
    * FY TOTAL REVENUE HOTELS GROUP SHARE LIKE FOR LIKE EUR
280.0
MILLION VERSUS EUR 254 MILLION YEAR AGO
    * SAYS  AT END DECEMBER 2019, THE VALUE OF THE REAL ESTATE
PORTFOLIO, GROUP SHARE, REACHED €5.973 MILLION (€6.693 MILLION
AT 100%), COMPARED WITH €5.483 MILLION ON 31 DECEMBER 2018
    * WILL PROPOSE TO VOTE ON DISTRIBUTION OF A DIVIDEND OF
€1.55 PER
SHARE PAID IN CASH, STABLE FOR A YEAR
    * SAYS  IN 2020, COVIVIO HOTELS WILL PURSUE ITS GROWTH IN
MAJOR
EUROPEAN CITIES.
    * EPRA EARNINGS OF €209.2 MILLION, UP BY 5.5%
    * PER SHARE, EPRA EARNINGS REACHED €1.74 ON 31 DECEMBER
2019,
AGAINST €1.78 ON THE SAME DATE IN 2018, REPRESENTING A DROP OF
2.4%
    * FY NET DEBT OF COVIVIO HOTELS REACHED €2.329 MILLION AS A
GROUP
SHARE, AGAINST €2.208 MILLION AS AT 31 DECEMBER 2018
    * €32 MILLION OF CAPEX CARRIED OUT IN 2019
    * AT END DEC 2019, FIRM RESIDUAL DURATION OF LEASES IN HOTEL
PORTFOLIO AMOUNTED TO 13.7 YEARS VERSUS 13.8 YEARS AT END 2018,
WHILE OCCUPANCY RATE REMAINED AT 100% ACROSS PORTFOLIO

Source text: https://bit.ly/2URdz8S
Further company coverage:  COVH.PA 

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