Healthcare Real Estate: 60%
Office Real Estate: 25%
Distributed Networks & Other Real Estate: 15%

TOP 3 Markets:

1. Belgium: 50%
2. France: 25%
3. Netherlands: 15%

Cofinimmo SA generates the majority of its revenues from healthcare real estate, which is attributed to the strategic focus on this stable and growing market. Office real estate represents the second largest share of revenue, followed by distributed networks and other types of real estate.

Geographically, Belgium is the largest market for Cofinimmo, supported by local market knowledge and a strong presence. France and the Netherlands follow as important markets, also making significant contributions to the total revenue.

Production: No physical production

Cofinimmo SA is a Belgian real estate company specializing in investing in and managing properties. The company does not produce physical products but focuses on acquiring, developing, and managing real estate, particularly in the healthcare, office, and care facility sectors. Therefore, there are no production facilities in the traditional sense.

Focus on Healthcare Real Estate: 60% of the portfolio (2025)
Planned Investments: 500 million euros in the next three years (2025-2028)
Target Markets: Belgium, France, Germany, Netherlands, Spain

Cofinimmo SA is pursuing a growth strategy that is heavily focused on expanding its portfolio in the healthcare real estate sector. Currently, healthcare real estate accounts for approximately 60% of its total portfolio, and the company plans to further increase this share.

Over the next three years, Cofinimmo plans investments of around 500 million euros to finance new projects in its core markets of Belgium, France, Germany, the Netherlands, and Spain. These investments are intended to include both the acquisition of new properties and the development of existing projects.

Furthermore, the company is focusing on sustainable construction and renovation projects to reduce the ecological footprint and improve the energy efficiency of its properties. This is expected not only to contribute to the appreciation of the properties but also to enhance their attractiveness to tenants.

Main raw materials: Steel, concrete, wood

Countries of origin: Germany, France, Sweden

Cofinimmo SA, as a real estate company, mainly imports building materials such as steel, concrete, and wood needed for the construction and renovation of their real estate projects. These materials are sourced primarily from European countries like Germany, France, and Sweden, known for their high-quality construction products.

Germany and France are leading exporters of steel and concrete, while Sweden is known for sustainable wood. These imports are crucial to meet Cofinimmo's high standards and sustainability goals.

Market share in the healthcare sector: 25% (2024) Real estate portfolio value: 5.8 billion euros (2024) Average lease term: 12 years (2024)

Cofinimmo SA has established itself as a leading player in the healthcare real estate sector, providing a significant competitive advantage. With a market share of 25% in the healthcare sector in Europe, the company is well positioned to benefit from the aging population and increasing demand for care facilities.

Cofinimmo's real estate portfolio has a value of 5.8 billion euros, highlighting the financial stability and the company's ability to invest in and manage high-quality properties. The average lease term of 12 years also offers long-term income stability and reduces the risk of vacancies.

In summary, Cofinimmo benefits from its specialization in healthcare real estate, an extensive and valuable real estate portfolio, and long-term leases that provide the company with a sustainable competitive advantage.

Institutional Investor Share: 60% (estimated for 2025)
Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share in Cofinimmo SA is estimated to be around 60%. This is typical for large real estate companies that are attractive to institutional investors due to their stable earnings and dividend policy.

In 2024, there were no significant insider transactions, indicating that the management and insiders have confidence in the current corporate strategy and the market value of the shares. Such information is important as it can provide clues about the management's expectations regarding future developments.

Market Share of Cofinimmo SA: Estimate 5-7% (2025)

Main Competitors and Their Market Shares:

1. Vonovia SE: Estimate 10-12%
2. LEG Immobilien AG: Estimate 8-10%
3. Deutsche Wohnen SE: Estimate 7-9%
4. Aroundtown SA: Estimate 6-8%
5. Cofinimmo SA: Estimate 5-7%
6. Grand City Properties SA: Estimate 4-6%
7. TAG Immobilien AG: Estimate 3-5%
8. Covivio SA: Estimate 3-5%
9. Gecina SA: Estimate 2-4%
10. Klépierre SA: Estimate 2-4%

Cofinimmo SA is a significant player in the European real estate market, especially in the healthcare real estate sector. The company's moat mainly lies in its specialization in nursing homes and healthcare properties, which is a growing market in an aging Europe.

Compared to its competitors, Cofinimmo has an advantage due to its specialized niche and the associated stable cash flows. However, some of the larger competitors, such as Vonovia SE and LEG Immobilien AG, have a broader portfolio approach and a stronger market presence, giving them a diversified moat.

Cofinimmo benefits from long-term lease agreements and a strong position in the healthcare sector, which can be considered a stable moat. Nevertheless, the larger competitors could potentially be more resilient to market fluctuations due to their size and diversification.

Revenue growth: 3.5% (2024) Profit growth: 2.8% (2024) Real estate portfolio appreciation: 4.1% (2024)

Cofinimmo SA recorded a moderate revenue growth of 3.5% in 2024. This reflects the stability and continuous demand in the real estate sector, especially in the healthcare properties and office buildings where Cofinimmo is strongly positioned.

The profit growth of 2.8% shows that the company was able to effectively manage its costs and increase its profitability, despite a challenging economic environment. The 4.1% appreciation of the real estate portfolio underscores the quality and attractiveness of the properties owned by Cofinimmo.

For investors, Cofinimmo could be an attractive option, especially for those seeking stable and long-term investments in the real estate sector. The diversification of the portfolio and the focus on high-growth segments like healthcare properties offer potential for future value appreciation.

Dividend Yield: 4.5% (estimated for 2025)
Dividend History: Consistent payout over the last 10 years

Cofinimmo SA has pursued a consistent dividend policy in recent years. The dividend yield is estimated to be around 4.5% for 2025, which is competitive compared to other companies in the real estate sector.

The company has regularly paid dividends over the past ten years, indicating a reliable payout policy. This stability is attributed to a solid financial foundation and a diversified real estate portfolio that generates regular income. Analysts expect that Cofinimmo will continue to be able to pay stable dividends in the future, provided that market conditions do not deteriorate significantly.