Covivio Reports 5% Revenue Growth by End of September 2025
Covivio recorded a 5% increase in revenue over the first nine months of 2025, according to a company press release.
Revenue Growth Details
Covivio announced a revenue increase of 4.8% on a current scope and 3.5% on a constant scope over the first nine months of 2025, reaching 533 million euros in Group share. The company benefited from growth in the hotel sector, the acquisition of minority shares in the CB21 tower, as well as positive performances across different asset segments. Covivio also confirmed its forecasts for 2025, targeting an adjusted recurring net result of approximately 515 million euros, an increase of 8% compared to 2024.
Real Estate Investments in Europe
Covivio's real estate investments in Europe increased by 2% over nine months, with an acceleration of transactions in the office sector and significant volumes in hospitality. The group also increased its stake in Covivio Hotels from 52.5% to 53.2% and acquired a hotel in Porto in the first half of the year. In German residential real estate, Covivio invested in modernization programs, contributing to strong rental reversion.
Market Conditions and Outlook
Despite an uncertain economic environment, Covivio notes a stabilization in office demand and a decrease in the impact of teleworking. The German residential market continues to see an increase in rents and property prices. In hospitality, the RevPAR is expected to rise by 1.7% in 2025. Covivio maintains a strong position in the field of ESG, with 99% of its assets environmentally certified.
