Share and dividends

Trading code

Bloomberg: CRES IM Equity

Research coverage

Broker
Analyst
Email
Telephone
Broker: Banca IMI
Analyst: Roberto Ranieri
Email:
Telephone+39 02 8794 9822
Broker: Citi
Analyst: Aakanksha Anand
Email:
Telephone+44 20 7508 1045
Broker: Equita SIM
Analyst: Alessandro Cecchini
Email:
Telephone+39 02 620 4859
Broker: Kempen
Analyst: Max Nimmo
Email:
Telephone+44 20 3907 3847
Broker: Mediobanca
Analyst: Simonetta Chiriotti
Email:
Telephone+39 02 882 9933

Dividends

- Obligation to distribute at least 70% of the net profit (determined as per the separate accounts) deriving from the leasing activity and from equity investments

- Obligation to distribute, within 2 years following the realisation, of 50% of the capital gains realised on disposal of properties and of investments in SIIQ, SIINQ and qualified real estate funds

Proopsed dividend of €0.30 per share for 2020, in line with dividend paid in 2019 and 2018

DIVIDEND PER SHARE EVOLUTION (€)

0.27

0.18

0.09

2017

0.30

0.20

0.10

2018

Of which €0.06 related to the Vodafone transaction

0.30

0.20

0.10

2019

Of which €0.06 related to the Vodafone transaction

0.30

0.20

0.10

2020

Interim dividend

Final dividend

Dividend related to vodafone transaction

  • Vodafone transaction (2019) triggered a capital gain of €8.7m (i.e. €0.24 per share) - 50% of capital gain, i.e. c. €0.12 per share, to be distributed as extraordinary dividend within 2 years (in line with Italian REIT regime requirements)
  • Approx. 50% (€0.06 per share) of total Vodafone dividend already paid in June 2020 - Reminder approx. 50% (c. €0.06 per share) payable in 2021, with final 2020 dividend

Guidance as of May 13th, 2021

Considering that the impact of the COVID-19 crisis on COIMA RES’ business has been limited so far, COIMA RES is confirming its 2021 guidance of EPRA Earnings per share of Euro 0.49. The guidance will be updated over the course of 2021 to reflect any meaningful update, also taking into account any potential future economic impact from the COVID-19 crisis.