Covivio stock
COV.PAPARReal EstateISIN FR0000064578
48Score 48 out of 100, Weak
Price and trend
46 / 100
Price history
−21% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 15% below it.
Since May 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 55).
The price is 29% below its 52-week high. Largest decline in 20 years: 73% (June 2007 to March 2009).
Chart figures for advanced users
- SMA 50$50.17
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$57.77
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)55
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$47.25
- The lowest closing price of the last twelve months.
- Resistance$68.87
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Covivio belongs to the REIT (Diversified) industry (France) and, with a market value of $5.44B, is number 6 of 27 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $1.18B (down 16.6% year on year) and earnings of $818.55M (up 984.7%).
- MEQIRI Score 48 out of 100 (Weak): rank 228 of 325 in Real Estate, median 55.
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- The P/E is 7.5 (REIT (Diversified) median 17.3, own median of recent years 8.5).
- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
- Our model puts fair value at $112.57, with the price 56% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High marginNet margin 73.2% over the last 12 months, REIT (Diversified) median 21%.Profitability 67
Weaknesses
- DilutionShare count up 21% since 2020.Capital allocation 25
Its standout strength is valuation, while momentum and capital allocation hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Fundamental quality fluctuates.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- weak fundamentals
- price far below its 52-week high
Valuation
Valuation signal
Possible value trapIn our model the price counts as cheap below $93.81 and expensive above $140.72 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $138.65 (cash-flow model) and $86.50 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 7.8%. At 8.8% the fair value would be $101.14, at 6.8% it would be $129.71.
Possible value trap: looks cheap, but score below 50.
Valuation metrics
Half from the cash-flow model, half from FFO per share times the median price to FFO of the REIT industry (10.9). For REITs, depreciation on buildings depresses earnings, so FFO counts instead of earnings. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 4% of revenue. New construction and acquisitions do not count as running costs there.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Jun 2026, revenue fell 31.1% on the twelve months before. Revenue has grown solidly since 2006, at about 4% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 87%, operating 74%, net 69%.
Debt & balance sheet
latest quarterModerate debt, and interest is adequately covered.
Earnings
- Next earnings
- 17 Feb 2027in 96 days
- Last reported
- 20 Jul 2026EPS reported $2.58 (expected $2.71)below expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $5.50+0.2%
- Revenue
- $770.25M+1.4%
- Earnings per share
- $5.59−0.2%
- Revenue
- $813.3M+1.3%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −0.1%2026 guidance confirmed: 4% growth in recurring net result per share.
“With a solid first half performance and clear strategic priorities ahead, we are confirming our 2026 guidance of 4% growth in recurring net result per share.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 21 Jul 2026 (fiscal Q2 2026), read by AI.
What happened at Covivio
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
325 rated companies in Real Estate
- This company
- 48
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Diversified)
The next larger and next smaller companies by market value
- W. P. CareyWPC $14.94B56
- Janus LivingJAN $9.72B41
- MERLIN Properties SOCIMIMRL.MC $8.08B59
- Essential Properties Realty TrustEPRT $6.09B59
- Rithm CapitalRITM $5.03B42
- Broadstone Net LeaseBNL $3.36B58
- AroundtownAT1.DE $2.09B47
- Global Net LeaseGNL $1.49B39
ETFs that hold Covivio
Held by 115 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Invesco EURO STOXX High Dividend Low Volatility UCITS ETFEHDV | 2.75% | 0.30% | €592.28M |
| iShares STOXX Europe Select Dividend 30 UCITS ETF (DE)EXSH | 2.49% | 0.31% | €1.38B |
| iShares European Property Yield UCITS ETFIPRE | 1.98% | 0.40% | €191.76M |
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| Xtrackers FTSE Developed Europe ex UK Real Estate UCITS ETF 1CXREA | 1.81% | 0.33% | €18.06M |
| State Street SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETFZPRP | 1.80% | 0.30% | €113.02M |
| iShares STOXX Europe 600 Real Estate UCITS ETF (DE)EXI5 | 1.69% | 0.46% | €59.71M |
| Xtrackers FTSE Developed Europe Real Estate UCITS ETF 1CD5BK | 1.22% | 0.33% | €635.92M |
| iShares STOXX Global Select Dividend 100 UCITS ETF (DE)ISPA | 1.01% | 0.46% | €5.31B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 21 Aug 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.