Fonciere des Regions is a long-term real etaste investor with a focus on office assets. Co.'s portfolio includes investment properties and properties under development. Co. holds a range of real estate assets, to collect lease payments and benefit from appreciation in the assets held. Co.'s activities can be divided into five segments: Office Markets in France; Office Markets in Italy; Logistics; Business Premises; and Car Parks.
  • TickerFDR
  • ISINFR0000064578
  • ExchangeEuronext Paris
  • SectorReal Estate Investment Trusts
  • CountryFrance

Analysts

COVIVIO SA reduced its risk exposure resulting in an upgrade to Slightly Positive

COVIVIO SA (FR), a company active in the Real Estate Investment Trusts industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date January 11, 2019, the closing price was EUR 85.85 and its potential was estimated at EUR 92.24.

Florent Laroche-Joubert

ODDO : Immostat Q4 2018 figures highlight the most central areas in Paris and the Greater Paris region

>Central areas still sought-after in Q4 2018 - Immostat published its Q4 2018 figures for office property in the Greater Paris region. Generally speaking, they favour the most central areas in Paris and the Greater Paris region:Immediate supply: the supply of immediately available floor space remained at a low level of 2.944 million sq. m (-0.5% q-o-q and -10.0% y-o-y). There were contrasts in the different zones, between: 1/ a strong increase in the scarcity of ...

Florent Laroche-Joubert ...
  • Johanna Jourdain
  • Matthias Desmarais

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/10/2019

...

Florent Laroche-Joubert ...
  • Johanna Jourdain
  • Matthias Desmarais

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/01/2019

...

Florent Laroche-Joubert

ODDO : Les zones les plus centrales de Paris et d’IDF mises en avant par Immostat au T4 2018

>Les zones centrales toujours plébiscitées au T4 2018 - Immostat a publié ses statistiques du T4 2018 sur l’immobilier de bureaux en Ile de France. Celles-ci favorisent d’une manière générale les zones les plus centrales de Paris et en IDF:Offre immédiate : l’offre des surfaces immédiatement disponibles se maintient à un faible niveau à 2.944 millions de m2 (-0.5% qoq & -10.0% yoy). Par zone, la situation est contrastée entre 1/ une rareté fortement accrue de l’o...

Florent Laroche-Joubert

ODDO : Immostat Q4 2018 figures highlight the most central areas in Paris and the Greater Paris region

>Central areas still sought-after in Q4 2018 - Immostat published its Q4 2018 figures for office property in the Greater Paris region. Generally speaking, they favour the most central areas in Paris and the Greater Paris region:Immediate supply: the supply of immediately available floor space remained at a low level of 2.944 million sq. m (-0.5% q-o-q and -10.0% y-o-y). There were contrasts in the different zones, between: 1/ a strong increase in the scarcity of ...

Florent Laroche-Joubert

ODDO : Les zones les plus centrales de Paris et d’IDF mises en avant par Immostat au T4 2018

>Les zones centrales toujours plébiscitées au T4 2018 - Immostat a publié ses statistiques du T4 2018 sur l’immobilier de bureaux en Ile de France. Celles-ci favorisent d’une manière générale les zones les plus centrales de Paris et en IDF:Offre immédiate : l’offre des surfaces immédiatement disponibles se maintient à un faible niveau à 2.944 millions de m2 (-0.5% qoq & -10.0% yoy). Par zone, la situation est contrastée entre 1/ une rareté fortement accrue de l’o...

ING
Research Department

Benelux Morning Notes

BinckBank: Friendly all cash offer by Saxo Bank of €6.35 accepted by management. bpost: Feedback ING Benelux conference New York. Brunel: Feedback ING Benelux conference New York. Covivo: BNS merger conditions satisfied. Flow Traders: November ETP market volumes. Belgian Telecoms: BIPT cost models, some clarifications. Dutch Insurance: EIOPA stress test.

ING
Jaap Kuin

Real Estate Strategy/Segment vs style: time for value?

We investigate a presumed October 2018 ‘style' rotation and try to find factors driving performance over the last year, potentially giving direction for 2019. Overlaying segment performance (eg, German resi vs offices vs retail) and style factors ‘quality' (initial yield), ‘growth' (2016-2019F EPS CAGR), ‘value' (low PER), we find that value consistently underperformed from February to August, after which quality underperformed and high yielding assets outperformed from July. Retail remains a key driver within underperformers, with 11 out of the 12 worst performers (58 stocks sample). Leverage...

ING
Research Department

Benelux Morning Notes

Befimmo: Doubling down on (re)developments. bpost: higher than expected tariff increases. Cofinimmo: appoints Germany country head. Covivo: BNS interim div, merger exchange ratio adjusted. NIBC: Investor day – second interim dividend. PostNL: more favourable bargaining position vs Sandd? TomTom: Telematics sale into round two according to FD. Unilever: Changing of the guard. VGP: Enters Austria. Vopak: More clarity on its plans, interesting times ahead

Florent Laroche-Joubert ...
  • Johanna Jourdain
  • Matthias Desmarais

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/10/2019

...

Florent Laroche-Joubert ...
  • Johanna Jourdain
  • Matthias Desmarais

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/01/2019

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Léopold Authié
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Pierre Tegner
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/26/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Léopold Authié
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Pierre Tegner
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/10/2018

...

COVIVIO SA reduced its risk exposure resulting in an upgrade to Slightly Positive

COVIVIO SA (FR), a company active in the Real Estate Investment Trusts industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date January 11, 2019, the closing price was EUR 85.85 and its potential was estimated at EUR 92.24.

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...

Carole Braudeau

Covivio : New horizons

Publication date 27/07/2018 09:34 - Writing date 26/07/2018 21:30 - - - - - - - - - - Equity data - Reco : Neutral - Target : 88.00 EUR - Equity Analyst : Florent Laroche-Joubert - [email protected] - +33 (0)1 55 35 42 66 - - Corporate Governance: Strong opportunity (1) - / - / - 25 July 2018: sales on 30 September 2018 (after market close) - - - - - - - - - - - - - - - - - - - After Covivio (ex Foncière des Régions) reported solid first half-year results, this seems like a g...

Carole Braudeau

Covivio : De nouveaux horizons.

Les résultats semestriels de Covivio (ex Foncière des Régions) étaient de bonne facture et il nous semblait opportun de faire un point sur l’évolution du périmètre du groupe, dans le cadre du projet de fusion avec sa filiale italienne Beni Stabili. et plus globalement d’une politique de rotation d’actifs dynamique, couplée à une accélération des engagements sur le pipeline de projets. - C’est également l’occasion d’updater nos recommandations sur les deux noms. - Nous préférons nous...

MarketLine Department

Unibail-Rodamco-Westfield SE - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Unibail-Rodamco-Westfield SE - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Summary Marketline's Unibail-Rodamco-Westfield SE Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Unibail-Rodamco-Westfield SE since January2007. Synopsis Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a compr...

Charles Pinel

Covivio - Proxy report -06/09/2018

This general meeting is mainly called in the context of the project of merger by incorporation of Beni Stabili by Foncière des Régions (resolutions 1 to 4). It will also be proposed to adopt “Covivio” as new corporate name of the company (resolution 5).

Charles Pinel

Covivio - Proxy report- 06/09/2018

Cette assemblée générale a pour principal objet l'approbation du projet de fusion par voie d’absorption de la société cotée Beni Stabili dont FDR détient actuellement 59,87% du capital. Cette opération apparait stratégiquement pertinente car elle permettra au groupe de renforcer son exposition géographique sur un marché italien prometteur et de simplifier sa structure. Les conditions financières sont raisonnables et l’impact en terme de gouvernance neutre. Par conséquent, nous recommandons l’approbation de l’opération (résolutions 1 à 4). Il est également proposé deux modifications statutaire...

Anaïs Dudout

Proxy Report - 19/04/2018

ITEM 5 TO 11 This year, the Company proposes that shareholders vote on the 2017 (“ex-post”) remuneration and 2018 (“ex-ante) remuneration policy of Jean Laurent (Chairman of the Board of Directors), Christophe Kullmann (CEO), Olivier Estève and Dominique Ozanne (Deputy-CEOs) in line with the new "Sapin II" law. Regarding the 2017 remuneration, the Company's communication lacks transparency about the objectives for the performance criteria of the Short and Long-Term Incentives STI and LTI), even if we appreciate that past achievement rates are disclosed. The remuneration policies for 2018 inc...

Anaïs Dudout

Proxy Report - 19/03/2018

Pour la première fois, Foncière des Régions offre un vote contraignant sur les rémunérations 2017 de Jean Laurent, Président du Conseil, de Christophe Kullmann, Directeur Général et d'Olivier Estève, Directeur Général, mais également sur la politique de rémunération 2018 de ces mêmes mandataires sociaux (ainsi que sur celle de Dominique Ozanne, nouveau Directeur Général Délégué) dans le cadre de la nouvelle loi "Sapin II" (résolutions 5 à 11). Concernant les rémunérations 2017, la Société fait preuve d'un manque de transparence concernant les objectifs des critères de performance du bonus et ...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 26/04/2017

This year, the company proposes the shareholders to vote on the 2016 remunerations of Jean Laurent (Chairman of the Board of Directors), Christophe Kullmann (CEO) and Olivier Estève (Deputy-CEO), and also a vote on the 2017 remuneration policy for those representatives for the first time and as part as the new "Sapin II" law.Regarding the 2016 remunerations, the Company’s communication lacks of transparency about the objectives and realisation rates of the annual bonus criteria and for the performance criteria of the Long-Term Incentives. The remuneration policies for 2017 do include neither t...

Jérôme VINERIER

Analyse court terme - FONCIERE DES REGIONS : La progression des cours se poursuit.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 88,80 € puis 92,50 €. La rupture de 80,78 € mettrait la tendance en danger.

Jérôme VINERIER

Short term view - FONCIERE DES REGIONS : Prices are making further progress.

The trend is bullish. Prices are making further progress. The targets are at €88.80 and then €92.50. The break of €80.78 would endanger the trend.

Jérôme VINERIER

Analyse court terme - FONCIERE DES REGIONS : Stochastiques en zone de surachat.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. Les Stochastiques sont en zone de surachat. Les cours pourraient se replier jusqu'à 84,80 €.

Jérôme VINERIER

Short term view - FONCIERE DES REGIONS : Overbought stochastics

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. Stochastics are at the overbought level. prices could fall again to €84.80.

Valérie GASTALDY

Short term view - FONCIERE DES REGIONS : The movement can go on.

The background trend is clearly bullish. The MACD is positive, it confirms that trend. The movement can go on. The following targets are at €92.75 and €94.88. The trend would be invalidated below the support at €87.10.

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