At a glance

COIMA RES S.p.A. SIIQ (“COIMA RES”) is a real estate company listed on Borsa Italiana since 2016. COIMA RES manages real estate assets in Italy, primarily focusing on commercial properties. The company operates with the beneficial tax status granted to Società di Investimento Immobiliare Quotate (“SIIQ”), which is broadly equivalent to the Real Estate Investment Trust (REIT) structure in other jurisdictions.

Main consolidated economic and financial data

As at 31/12/2018

36.3 Euro million
GROSS RENTS
32.3 Euro million
NOI
46.3 Euro million
NET PROFIT

15.1 Euro million
EPRA EARNINGS
(0.42 Euro per share)
22.0 Euro million
FFO
(0.61 Euro per share)
17.7 Euro million
RECURRING FFO
(0.49 Euro per share)

665 Euro million
PORTFOLIO VALUE1,3
228.9 Euro million
NET FINANCIAL POSITION1
34.5%
LOAN TO VALUE1

421.6 Euro million
EPRA NAV
(11.71 Euro per share)
10.8 Euro million
DIVIDEND4
(0.30 Euro per share)
11,8%
RETURN ON EQUITY

5.2%
EPRA NET INITIAL YIELD2
4.6%
EPRA VACANCY RATE2
6.2 years
WALT2

60%
PORTFOLIO LEED CERTIFIED
(or in the process of being certified)
0.063 tCO2 sqm
CARBON INTENSITY
238 kWh/sqm year
ENERGY INTENSITY

1) Corso Como Place acc ounted on a pro-rata basis (35.7%)
2) Not including Pavilion given the specific situation of the asset as of December 31st, 2018 (lease agreement with IBM already in place but not yet effective)
3) Includes the fair value of a Deutsche Bank branch classified as inventory and valued at cost
4) Subject to approval by the shareholders’ meeting (April 2019)