(BFM Stock Exchange) – La Foncière noted its target 2025 for its reference indicator, after having announced an increase in its first semester results.

Covivio is progressing on the stock market this Monday, July 21. The property increased by 4.3%, and displays the highest increase in SBF 120 around 3:00 p.m., in reaction to a half -yearly publication deemed positive by the market.

In the first half, the ex-infonmer of the regions unveiled income up 8.9% (and 4.9% on a constant scope) to 355.7 million euros.

Covivio explains that its income was supported by an indexing of rents, an increase in the occupancy rate and rents during relocations and renewals and a progression of its variable income in hotel.

The company adds having benefited from a “more promising market environment”. Covivio describes a confirmation of “new cycle” signs on real estate markets, citing 11% growth in volumes in Europe in the first half of real estate investment market, a shortage of housing which feeds rents in the German residential market and annual income per chamber (RevPar) of +2.5% on average in Europe at the end of May 2025.

Covivio’s heritage is made up of 50% of offices located mainly in Paris, Milan and in major German cities, 30% of housing mainly located in Berlin and 20% hotels located in major European tourist cities (Paris, Berlin, Rome, Madrid, Barcelona, London, etc.), rented or managed by operators such as ACCOR, IHG, B & B, NH Hotels, etc.

The group also claims an average occupancy rate of heritage of 97.3% and an average firm duration of leases of 6.3 years.

“Continuous work to improve the quality of heritage”

“The continuous work of improving the quality of heritage has borne fruit in the first half of it,” said Christophe Kullmann, Covivio Managing Director.

“In the second quarter of 2025, performance remains consistent with those of the first quarter of 2025, without significant differences”, also notes the independent alphavalue design office.

As of June 30, 2025, the recurring net profit (by following the EPRA standards, the European sector federation) of the listed real estate investment company reached 263.2 million euros (group share), up 14%. By action, this amount corresponds to a recurring net profit of 2.38 euros.

“These performances allow Covivio to approach the second semester with reinforced growth ambitions and to note its target of recurrent 2025 result,” adds Christophe Kullmann.

The company has thus noted its recurring target of net income 2025, at around 515 million euros, which represents growth of 8% compared to 2024 (477.4 million euros).