Covivio jumps on 2025 results helped by strong housing and hotel demand

Covivio SA

19/02/2026 09:33

** Shares of Covivio COVH.PA rise 8.5% after the French property firm posted on Wednesday full-year results, boosted by rising rents and strong demand in its housing and hotel businesses

** Its shares are on track for the biggest single-day gain since November 2020

** Covivio's recurring net income rises 10% to 526.5 million euros ($621.4 million) in 2025, while income per share increases 6.4% to 4.75 euros

** Covivio's shift out of offices and into hotels is supporting earnings growth, but office rent growth is slowing, AlphaValue analyst Christian Auzanneau writes

** The company says its property values returned to growth, rising 2.1% on a comparable basis, and net asset value increased 3.9% to 82.9 euros per share

** "Organic growth is slowing overall, yet it remains robustly supported by the German residential sector", Auzanneau says

** By selling lower-return properties and reinvesting the money into higher-return assets, Covivio lifts its ongoing earnings per share, and that improvement is expected to continue in 2026, Auzanneau adds

($1 = 0.8472 euros)

 (Reporting by Nathan Vifflin in Gdansk)

 ((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))