COIMA RES is a Real Estate Investment Trust (REIT) founded in 2015 and listed on the Italian Stock Exchange since 2016. COIMA RES’ strategy is focussed on the development and active management of a high-quality real estate portfolio with a high sustainability content that is positioned to meet the current and future demand from tenants. At present, COIMA RES owns and manages a real estate portfolio mainly concentrated on the Milan office segment. COIMA RES aims to offer to its shareholders a balanced risk-return profile characterized by a stable and sustainable dividend and by the potential for appreciation of the real estate portfolio over time.
COIMA RES delivered a strong set of results for 2020 which reflect the quality of its portfolio of assets and tenants. 99% rent collection rate, gross rents growing by 19%, EPRA earnings growth of 25%, EPRA Net Tangible Asset growth of 1.0% and recommended dividend of Euro 0.30 per share, in line with last two years.
A solid set of results by COIMA RES, with a 99% rent collection rate, gross rents growing by 23% (or 2.1% on a like for like basis), EPRA Earnings growing by 28%, EPRA Earnings guidance for 2020 increased by 8% and the approval of the interim dividend in line with the level paid in the last two years.
Thanks to the execution of a solid strategy over the last years, COIMA RES has entered the current economic crisis in a strong position, with a high-quality office portfolio situated in Milan, a well-diversified tenant base and a sustainable leverage.
Donation in favour of Fondo di Mutuo Soccorso of the City of Milan
COIMA RES communicates that, in the face of the COVID-19 emergency, the Company's BOD has expressed the intention to donate an amount equal to Euro 210,000 in favour of the Mutual Aid Fund created by the City of Milan.
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