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.
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.
Solid financial results in 2019 thanks to an active differentiation and management of our properties and tenants portfolio, in line with the strategy. Today we are positioned in the widest, most liquid and transparent segment of the Italian real estate market.
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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