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Covivio Hotels: half-year RNR up by almost 7%
(CercleFinance.com) - Covivio Hotels reports recurring net income (RNR or EPRA Earnings) of E119.
5m for the first six months of 2024, or E0.81 per share, up 6.6% year-on-year, on the back of higher revenues.
The strength of the hotel market translated into a 5.2% increase in hotel revenues on a like-for-like basis, to E153.7m, thanks to the performance of variable-income hotels and the indexation of fixed rents.
At the end of June 2024, Covivio Hotels boasted hotel assets worth 5.82 billion euros, up 0.5% over six months on a like-for-like basis, with capitalization rates stabilizing and revenue growth continuing.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
5m for the first six months of 2024, or E0.81 per share, up 6.6% year-on-year, on the back of higher revenues.
The strength of the hotel market translated into a 5.2% increase in hotel revenues on a like-for-like basis, to E153.7m, thanks to the performance of variable-income hotels and the indexation of fixed rents.
At the end of June 2024, Covivio Hotels boasted hotel assets worth 5.82 billion euros, up 0.5% over six months on a like-for-like basis, with capitalization rates stabilizing and revenue growth continuing.
Copyright (c) 2024 CercleFinance.com. All rights reserved.