Covivio: Growth and Strategic Portfolio Shifts in H1 2026

Covivio reports a solid first half of 2026, driven by strategic asset management despite a challenging market. Earnings per share rose by 7% and net asset value increased by 2%. The company enhanced its hotel sector exposure, completing acquisitions and conversions. Notably, 24% of the portfolio is now in hotels, up from the previous year.

Key developments include successful office lettings of 103,800 m², raising occupancy to 95.6%, and ongoing residential modernisation, achieving a 29% disposal margin. Revenues reached €526 million, a 2.2% increase on a like-for-like basis. ESG remains a focus, maintaining a MSCI AAA rating and all assets are now certified environmentally.

Covivio confirms its forecast of a 4% rise in its 2026 recurring net result. With robust portfolio management and strategic focus, the outlook remains positive for ongoing growth throughout the year.