Below are the financial statements of Covivio, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of EUR | 2024 | 2023 |
---|---|---|
Rental income | 952.9a | 935a |
Unrecovered property operating costs | -27.5a | -37.4a |
Expenses on properties | -34a | -30.8a |
Net losses on unrecoverable receivables | -4.2a | -3.4a |
Net rental income | 887.2a | 863.5a |
Revenues from hotel operating activity | 322.6a | 291.5a |
Operating expenses of hotel operating activity | -237a | -215.7a |
Hotel operating EBITDA | 85.5a | 75.8a |
Income from other activities | 32a | 24.1a |
Management and administration income | 25.8a | 19.1a |
Overheads | -133a | -138.5a |
Depreciation of operating assets | -112.9a | -73.6a |
Change in provisions | -0.1a | -7.3a |
Other operating income and expenses | 16.9a | 17.6a |
Operating income | 801.4a | 795.3a |
Net income from inventory properties | -0.1a | -0.1a |
Income from disposals of real estate assets | 10.9a | -37.9a |
Income from disposal of securities | -1.5a | -0.9a |
Income from value adjustments | -330.5a | -2,437.3a |
Net income from changes in scope | -5a | -4.2a |
Operating result | 475.2a | -1,685.2a |
Financial income related to the cost of debt | 239.7a | 176.1a |
Financial expenses related to the cost of debt | -403.4a | -341.7a |
Cost of the net financial debt | -163.8a | -165.6a |
The interest cost for rental liabilities | -16.3a | -15.9a |
Change in fair value of derivatives | -95.2a | -207.7a |
Exceptional amortization of loan issue costs | -2.5a | -1.8a |
Other financial income and expenses | 0.6a | 0.4a |
Share of income from companies accounted for under the equity method | 22.9a | -34.4a |
Net income before tax | 220.9a | -2,110.1a |
Taxes | -23.5a | -207.3a |
Net income for the period | 197.4a | -1,902.9a |
Of which attributable to non-controlling interests | 129.2a | -484.1a |
Net income for the period - group share | 68.1a | -1,418.8a |
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