Investing.com - Covivio reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Covivio announced earnings per share of €4.78 on revenue of €395.5M. Analysts polled by Investing.com anticipated EPS of €2.28 on revenue of €273.00M.
Covivio shares are up 1% from the beginning of the year and are trading at €73.24 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 6.7% from the start of the year.
Covivio follows other major Real Estate sector earnings this month
Covivio's report follows an earnings beat by Gecina on Thursday, February 17, 2022, who reported EPS of €6.31 on revenue of €301.9M, compared to forecasts EPS of €2.59 on revenue of €298.89M.
ICADE had beat expectations on Monday with fourth quarter EPS of €5.32 on revenue of €1.66B, compared to forecast for EPS of €2.47 on revenue of €926.24M.
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