Covivio announces that at the end of the subscription period, open from April 23 to May 7 inclusive, 77.5% of the share capital had opted for the payment in shares of its 2023 dividend of 3.30 euros per share.

"This operation also further strengthens the Group's balance sheet: adding the recent hotel reinforcement operation, Covivio will have raised 532 million euros in equity since the beginning of the year", stresses the real estate company.

In addition, Covivio reports that S&P has confirmed its financial rating at 'BBB+, stable outlook', the agency emphasizing 'the strong operating profile, diversified and driven by the rental momentum'.

Copyright (c) 2024 CercleFinance.com. All rights reserved.