Real Estate SIIQ

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.

Share Performance

Insights

Sarca 235 disposal

The sale of Sarca 235, at a price of Euro 82.5 million, crystallizes the performance achieved with a 36% premium over the acquisition price and a levered IRR of 39%, contributing to confirm the significant value of the company and to generate cash for new investments.

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Report HY 2021

The COIMA RES first-half results confirmed the resilience of the portfolio and the solidity of the tenants. In the coming months we plan to start repositioning the value-add component of our portfolio with the aim of progressively generating incremental value by increasing the quality of the properties and capturing higher rental levels.

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COIMA published the second report on the future of offices

A survey performed between October and January 2021 with a pool of corporates having an office footprint in Italy, and in particular Milan.

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Report Q1 2021

The rent collection level recorded by COIMA RES for the first quarter confirms the solidity of the tenant base and the portfolio resilience. In the coming months the retrofitting activity on the value-add portion of the portfolio will commence in order to progressively generate incremental value by upgrading the quality of the assets and by capturing higher rental levels.

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Report FY 2020

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.

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Portfolio of bank branches

Location: Italy - North and Centre


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Bank branches

Gioiaotto

Location: Viale Melchiorre Gioia 6/8, Milan...


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Office - Hotel

Key figures

2016
Quotation on Italian stock exchange
726M
Value of the real estate portfolio
85%
Office use portfolio
90%
Portfolio located in Milan
200K m2
Net rentable area