Cofinimmo S.A.

Cofinimmo is a fixed capital real estate investment trust. Co. specializes in rental property. Its core investment segments are office property and nursing and care institutions. The portfolio also includes a Distribution property networks segment. Most of Co.'s assets are in Belgium. The foreign part consists of nursing homes/ clinics and the MAAF agencies network in France and the Pubstone portfolio in the Netherlands. Co.'s operations are organized into four segments: Offices, Nursing homes/Clinics, Distribution property networks, and Public-Private Partnerships.
  • TickerCOFB
  • ISINBE0003593044
  • ExchangeEuronext Brussels
  • SectorReal Estate Investment Trusts
  • CountryBelgium

Analysts

Alexander Makar ...
  • Cedric Duinslaeger
  • Guy Sips
  • Jan Opdecam
  • Wim Hoste

Morning Note: ABI BB, COFB BB, OPTI BB , LEAS BB, MONT BB, RET BB, SBMO NA

AB InBev: Feedback CMD – deep dive in US business Cofinimmo: Acquisition of € 6m in Brussels Leopold quarter Crescent: ‘Ultimate turn around now really under construction’ Leasinvest RE: 1Q19 results Montea: EPS beat and ambitious outlook trigger valuation Retail Estates: Analyst meeting feedback SBM Offshore: € 175m share repurchase program completed

Alexander Makar ...
  • Bart Cuypers
  • Guy Sips
  • Jan Opdecam
  • Jason Kalamboussis
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ASIT BB, BALTA BB, BCART BB, COFB BB, OPTI BB , ELI BB, FFARM NA, INGA NA, KDS NA, MTLS US, SMAR BB, TNET BB, UCB BB

ASIT biotech: CFO appointed. Last treatment visit in repeat phIII Balta: Preview 1Q – easy margin comparable Biocartis: Issuance of € 125m in convertible bonds Cofinimmo: 2nd in a row - € 50m investment in Germany Crescent: Postponement of FY18 results till 20 May Elia Group: Belgian development plan and renewal TSO status ForFarmers: 1Q19: temporary unfavourable purchasing positions ING: 1Q 19: Costs and Fees not supporting guidance yet Kiadis: Phase III and debt repayment weigh on cash burn Materialise: On track to meet its financial guidance for FY19 Smartphoto group: Start of a share buy-b...

ING
Research Department

Benelux Morning Notes

AMG: Guidance cut in a weak price environment. Cofinimmo: Spends €80m in Germany

Alexander Makar ...
  • Jan Opdecam

BE-REITS: A new game in town: Accelerated Book Buildings

On 26 April 2019, an amendment was passed to the Law of 12 May 2014 outlining the conditions in which Belgian REITs are allowed to raise capital. The amendment gives BE-REITs the flexibility to issue equity through an Accelerated Book Build (ABB). Following this change in the law, other than using retained earnings, Be-REITs can raise equity through (i) optional dividends, (ii) contributions in kind, (iii) capital increases with preferential subscription rights and (iii) accelerated bookbuilds. The cumulative capital increase of ABBs cannot exceed 10% of the capital at the time of the decision...

Alexander Makar ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Guy Sips
  • Jan Opdecam
  • Wim Hoste

Morning Note: BAR BB, BOKA NA, COFB BB, MTLS US, REC BB, SBMO NA

Barco: 6 Questions for the Capital Markets Day Boskalis: Hornsea 2 cable laying contract of € >100m Cofinimmo: € 29m contribution in kind Materialise: Partnership to develop solutions for lung patients Recticel: 1Q combined revenue -8%, FY outlook reiterated SBM Offshore: Moving Forward

Alexander Makar ...
  • Cedric Duinslaeger
  • Guy Sips
  • Jan Opdecam
  • Wim Hoste

Morning Note: ABI BB, COFB BB, OPTI BB , LEAS BB, MONT BB, RET BB, SBMO NA

AB InBev: Feedback CMD – deep dive in US business Cofinimmo: Acquisition of € 6m in Brussels Leopold quarter Crescent: ‘Ultimate turn around now really under construction’ Leasinvest RE: 1Q19 results Montea: EPS beat and ambitious outlook trigger valuation Retail Estates: Analyst meeting feedback SBM Offshore: € 175m share repurchase program completed

Alexander Makar ...
  • Bart Cuypers
  • Guy Sips
  • Jan Opdecam
  • Jason Kalamboussis
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ASIT BB, BALTA BB, BCART BB, COFB BB, OPTI BB , ELI BB, FFARM NA, INGA NA, KDS NA, MTLS US, SMAR BB, TNET BB, UCB BB

ASIT biotech: CFO appointed. Last treatment visit in repeat phIII Balta: Preview 1Q – easy margin comparable Biocartis: Issuance of € 125m in convertible bonds Cofinimmo: 2nd in a row - € 50m investment in Germany Crescent: Postponement of FY18 results till 20 May Elia Group: Belgian development plan and renewal TSO status ForFarmers: 1Q19: temporary unfavourable purchasing positions ING: 1Q 19: Costs and Fees not supporting guidance yet Kiadis: Phase III and debt repayment weigh on cash burn Materialise: On track to meet its financial guidance for FY19 Smartphoto group: Start of a share buy-b...

ING
Research Department

Benelux Morning Notes

AMG: Guidance cut in a weak price environment. Cofinimmo: Spends €80m in Germany

Alexander Makar ...
  • Jan Opdecam

BE-REITS: A new game in town: Accelerated Book Buildings

On 26 April 2019, an amendment was passed to the Law of 12 May 2014 outlining the conditions in which Belgian REITs are allowed to raise capital. The amendment gives BE-REITs the flexibility to issue equity through an Accelerated Book Build (ABB). Following this change in the law, other than using retained earnings, Be-REITs can raise equity through (i) optional dividends, (ii) contributions in kind, (iii) capital increases with preferential subscription rights and (iii) accelerated bookbuilds. The cumulative capital increase of ABBs cannot exceed 10% of the capital at the time of the decision...

Alexander Makar ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Guy Sips
  • Jan Opdecam
  • Wim Hoste

Morning Note: BAR BB, BOKA NA, COFB BB, MTLS US, REC BB, SBMO NA

Barco: 6 Questions for the Capital Markets Day Boskalis: Hornsea 2 cable laying contract of € >100m Cofinimmo: € 29m contribution in kind Materialise: Partnership to develop solutions for lung patients Recticel: 1Q combined revenue -8%, FY outlook reiterated SBM Offshore: Moving Forward

Insider bought: A director bought 192 shares at 104.350EUR and

A director at Cofinimmo bought 192 shares at 104.350EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boar...

With a more favourable environment, COFINIMMO improves to Positive

COFINIMMO (BE), a company active in the Real Estate Investment Trusts industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date January 15, 2019, the closing price was EUR 112.00 and its potential was estimated at EUR 117.60.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Cofinimmo S.A. / N.V. - Strategy, SWOT and Corporate Finance Report

Synopsis Cofinimmo S.A. / N.V. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Summary - Detailed information on Cofinimmo S.A. / N.V. required for business and competitor intelligence needs - A study of the major internal and external factors affecting Cofinimmo S.A. / N.V. in the form of a SWOT analysis - An in-depth view of the business model of Cofinimmo S.A. / N.V. includ...

Expert Corporate Governance Service (ECGS)

Cofinimmo - AGM 08 May 2019

Mr. Xavier Denis, Chief Operating Officer and Director of the Group, resigned from his position as Director on 21 May 2018, and from his position as Chief Operating Officer on 31 May 2018. Under ITEM 2, the board seeks shareholder approval of the remuneration report for the financial year 2018. We note that the Company does not have a long-term incentive plan in place, it has a discretionary stock option plan. Furthermore, this plan does not operate clearly disclosed performance conditions. Hence, ECGS recommends to OPPOSE. Under ITEM 9, the board seeks shareholder approval for new nominee B...

Valérie GASTALDY

Analyse court terme - COFINIMMO : Les cours baissent.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 103,10 €.

Valérie GASTALDY

Short term view - COFINIMMO : Falling prices.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €103.10.

Valérie GASTALDY

Analyse court terme - COFINIMMO : Les cours baissent.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 103,10 €.

Valérie GASTALDY

Short term view - COFINIMMO : Falling prices.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €103.10.

Jérôme VINERIER

Analyse moyen terme - COFINIMMO : La correction gagne en vigueur.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 94,16 €.

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