Covivio starts 2025 on a positive note
📈 Covivio released its Q1 2025 results with a 5.4% revenue increase to €162 million. Residential rents in Germany rose by 24%, with occupancy at 95.7%. The company plans to renovate 10 hotels in France and Belgium for €52 million, expecting a 20% return by 2026. A 28% reduction in carbon footprint was achieved, targeting 40% by 2030. Covivio aims for an EPRA Earnings of €495 million for 2025 and proposes a dividend of €3.50 per share, up 6%. Micaela Le Divelec is a potential new board member.
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