Brief: Covivio Hotels H1 Total Hotel Revenues Up At EUR 157.4 Million

Covivio Hotels SCA

18/07/2023 07:12

July 18 (Reuters) - Covivio Hotels SCA  COVH.PA :
    * H1 TOTAL HOTEL REVENUES EUR 157.4 MILLION VERSUS EUR 129.0
MILLION YEAR AGO
    * HOTEL RESIDUAL LEASE TERM REACHED 12.6 YEARS AT END JUNE
2023
WHILE THE OCCUPANCY RATE REMAINED AT 100% ACROSS THE PORTFOLIO
    * COVIVIO HOTELS NET DEBT (GROUP SHARE) AMOUNTED TO €2,390
MILLION, COMPARED WITH €2,287 MILLION AT 31 DECEMBER 2022
    * AVERAGE DEBT MATURITY WAS 3.9 YEARS AT 30 JUNE 2023, WITH
A
COMFORTABLE LOAN-TO-VALUE (LTV) RATIO OF 35.9% AND AN INTEREST
COVERAGE RATIO (ICR) OF 5.24X
    * H1 2023 EPRA EARNINGS WERE €112.1 MILLION, UP 9.3% FROM
€102.5
MILLION A YEAR EARLIER

Source text for Eikon: [ID: nNDL6gl5dS]
Further company coverage:  COVH.PA 

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