At a glance

COIMA RES S.p.A. SIIQ (“COIMA RES”, or the “Company”) is a Real Estate Investment Trust (“REIT”). COIMA RES was founded in 2015 by Manfredi Catella, jointly with COIMA Srl and COIMA SGR S.p.A. (“COIMA SGR”), and was subsequently listed on the Mercato Telematico Azionario organized and managed by Borsa Italiana in 2016.

COIMA RES currently owns a quality real estate portfolio mainly concentrated in the office segment in Milan.

COIMA RES is led by Manfredi Catella, as Founder and CEO, and is managed by a team of six professionals employed by the Company, including: Fulvio Di Gilio (Chief Financial Officer), Yuri D’Agostino (Investment Director), Alberto Goretti (Investor Relations Director), Emiliano Mancuso (Planning & Control Senior Manager) and Carlotta Ciuffardi (Finance & Control Manager). The COIMA RES Board of Directors is composed of 9 members (7 of which are independent).

The Board is responsible for the ordinary and extraordinary management of COIMA RES. COIMA RES avails itself of the support of COIMA SGR for investment and asset management activities, under the responsibility of key managers Gabriele Bonfiglioli (Head of Investments) and Matteo Ravà (Head of Asset Management), and COIMA Srl for property, facility and development management activities.

COIMA SGR and COIMA Srl are controlled by the Catella family.

COIMA SGR, created in 2007 as Hines Italia SGR SpA and renamed COIMA SGR in 2015 to correspond with the change of control that saw the Catella family buying out the Hines group, is today one of the main independent companies in the management of real estate assets in Italy. COIMA Srl, active in the real estate market since 1974, carries out property, facility and development management activities, mainly on projects promoted by COIMA SGR but also for third party clients.

Main consolidated economic and financial data

As of 31/12/2020

44.4 Euro million
GROSS RENTS
40.3 Euro million
NET OPERATING INCOME
15.6 Euro million
NET PROFIT

17.5 Euro million
EPRA EARNINGS
(0.49 Euro per share)
24.5 Euro million
FFO
(0.68 Euro per share)
24.2 Euro million
RECURRING FFO
(0.67 Euro per share)

688.3 Euro million
PORTFOLIO VALUE
(pro-quota basis)
291.4 Euro million
NET FINANCIAL POSITION
38.3%
NET LOAN TO VALUE

448.3 Euro million
EPRA NET TANGIBLE ASSETS
(12.42 Euro per share)
10.8 Euro million
DIVIDEND
(0.30 Euro per share)
3.5%
RETURN ON EQUITY

5.1%
EPRA NET INITIAL YIELD
2.5%
EPRA VACANCY RATE
4.3 years
WALT

66%
PORTFOLIO LEED CERTIFIED
40 kgCO2 e/sqm per year
CARBON INTENSITY
182 kWh/sqm per year
ENERGY INTENSITY