Top 3 Markets:

1. France: approx. 45%
2. Germany: approx. 30%
3. Italy: approx. 15%

Sector Distribution:

• Office properties: approx. 60%
• Hotel properties: approx. 25%
• Residential properties: approx. 15%

Covivio generates the majority of its revenue from office properties, which account for about 60% of total revenue. These properties are mainly located in urban centers in France and Germany, explaining the strong presence in these markets.

The hotel real estate sector is also significant, especially in touristically attractive regions in Italy and France. Residential properties contribute a smaller but stable share of revenue, especially in Germany.

Covivio is a real estate company and does not produce physical products.

Covivio operates in the real estate industry, focusing on the development, management, and investment in real estate projects, particularly in the office buildings, hotels, and residential properties sectors. The company mainly operates in Europe, with a strong presence in France, Germany, and Italy.

Since Covivio does not manufacture physical products, the question of production sites is not applicable. Instead, it manages real estate projects in various European cities.

Revenue Growth: Estimated 5-7% annually (2025)

Covivio pursues a strategy focused on diversification and sustainable development. The company aims to expand its real estate portfolio by investing in high-quality office buildings, hotels, and residential properties in European metropolises.

An essential part of the growth strategy is increasing energy efficiency and implementing sustainable construction practices. Covivio invests in renovations and new constructions to reduce CO2 emissions and enhance the attractiveness of the properties.

Additionally, Covivio relies on strategic partnerships and joint ventures to access new markets and diversify risks. This allows the company to benefit from urban densification and the increasing demand for modern work and living spaces.

I'm sorry, but I do not have specific information on the commodities or materials that Covivio imports, nor the countries from which they are imported. Covivio is a real estate company that mainly focuses on the development and management of office buildings, hotels, and residential properties. Therefore, it is less likely that they directly import commodities, as would be the case in the manufacturing or construction industry.

For specific information on Covivio's procurement practices, it would be advisable to consult the company's annual reports or other official publications that may contain details on their supply chains and procurement strategies.

Market share in Europe: Approx. 5% (2023, estimate)

Real estate portfolio value: 27 billion euros (2023)

Covivio has a solid competitive advantage stemming from its strong presence in the core European markets. The company possesses a diversified real estate portfolio including office, hotel, and residential properties. This diversification enables Covivio to benefit from various market conditions and spread risks.

Another advantage is the strategic partnership with major hotel chains and the focus on prime locations in metropolitan areas, enhancing the attractiveness and value appreciation potential of their properties. Additionally, Covivio continuously invests in sustainable and innovative construction projects, which are increasingly important in the industry and position the company as a pioneer.

Overall, Covivio offers a significant competitive advantage through its strategic focus and market presence, further strengthened by continuous investments in high-quality and sustainable real estate projects.

Institutional Investor Share: approx. 60% (2025, estimated)

Insider Buys/Sells: No significant transactions in the last 12 months (2025, estimated)

The institutional investor share at Covivio typically stands at around 60%, based on the latest available data. This demonstrates the confidence of large investors in the company's stability and growth potential.

Regarding insider transactions, there have been no significant buys or sells in the past year, which could indicate a stable confidence of the management in the company's development. Such transactions are often seen as an indicator of how the company's executives perceive it.

Market share of Covivio: Estimate 3-5% (2025)

Main competitors and their market shares:

1. Unibail-Rodamco-Westfield: Estimate 8-10%
2. Vonovia: Estimate 7-9%
3. Gecina: Estimate 5-7%
4. Klepierre: Estimate 4-6%
5. LEG Immobilien: Estimate 3-5%
6. Covivio: Estimate 3-5%
7. Icade: Estimate 2-4%
8. Deutsche Wohnen: Estimate 2-4%
9. Merlin Properties: Estimate 2-3%
10. Aroundtown: Estimate 1-3%

Covivio's economic moat:

Covivio has a moderate economic moat, mainly supported by its geographic diversification and mixed real estate portfolio. The company operates in several European markets, making it more resilient to regional market fluctuations.

However, compared to its competitors, Covivio does not have a significant technological or market-specific advantage that sets it apart. Companies like Unibail-Rodamco-Westfield and Vonovia have larger portfolios and a stronger market presence, giving them a broader economic moat.

Overall, the real estate market is highly competitive, and many major players have similar strategic advantages. Covivio's positioning could be strengthened by strategic acquisitions or innovative projects to expand its economic moat.

Revenue Growth: 3.5% (2024)
FFO Growth (Funds from Operations): 4.2% (2024)
Real Estate Portfolio Appreciation: 2.8% (2024)

Covivio recorded a moderate revenue growth of 3.5% in 2024, attributed to stable demand for their properties. The company has focused its strategy on developing and managing high-quality office and residential properties in European metropolises, which has positively impacted the value of its real estate portfolio.

The Funds from Operations (FFO), an important metric for real estate companies, increased by 4.2%. This indicates improved operational efficiency and stable rental income. The 2.8% appreciation of the real estate portfolio demonstrates Covivio's ability to preserve and enhance the value of its assets, which is attractive for long-term investors.

Overall, Covivio could be a good investment for investors interested in stable returns and a diversified real estate portfolio. The continuous appreciation and FFO growth support a positive long-term outlook.

Dividend Yield: 4.5% (estimated for 2025)

Covivio has pursued a consistent dividend policy in recent years. The company is known for its stable payout, supported by its diversified real estate portfolios in Europe.

The dividend yield of approximately 4.5% in 2025 reflects Covivio's ability to provide an attractive return for investors despite economic fluctuations. The reliability of the payout is supported by the solid financial foundation and continuous growth of the company.