Covivio (COV) AGM 2026 summary

Opening remarks and agenda

• The meeting covered the management report, corporate governance, social responsibility, auditor reports, resolutions, shareholder questions, voting, and financial agenda.

Financial performance review

• Portfolio value reached €16.0bn (group share), with a diversified mix: 49% offices, 30.3% German residential, 20.7% hotels.

• Net recurring income rose 10% to €526.5m, with a 6% increase per share compared to 2024.

• Revenues grew 3.7% at current scope and 3.4% like-for-like, with strong occupancy rates (97.1% overall).

• Financial structure strengthened: LTV at 38.9%, average debt maturity 5 years, and BBB+ rating maintained.

• Stock performance outpaced benchmarks: +24.4% in 2025 and +6.2% YTD 2026.

Dividend announcements

• Proposed dividend of €3.75 per share (+7% vs 2024), paid in two installments: €1.50 in March and €2.25 in July 2026.

• Total dividend payout of €418.6m, with a yield of 6.4% based on April 2026 share price.