Cofinimmo SA (OTC:CFMOF) Q2 2025 Earnings Conference Call July 25, 2025 5:00 AM ET Company Participants Jean Kotarakos - CFO & Executive Director Jean-Pierre Hanin - Interim COO, MD, CEO & Director Sebastien Berden - Chief Operating Officer Yeliz Bicici - Chief Operating Officer Conference Call Participants Frederic Renard - Kepler Cheuvreux, Research Division Steven Boumans - ODDO BHF Corporate & Markets, Research Division Valerie Jacob Guezi - Sanford C. Bernstein & Co., LLC.
Cofinimmo SA (OTC:CFMOF) Q4 2024 Results Conference Call February 21, 2025 4:00 AM ET Company Participants Jean-Pierre Hanin - Chief Executive Officer Sebastien Berden - COO Healthcare Francoise Roels - Secretary General Yeliz Bicici - COO, Offices & Real Estate Development Jean Kotarakos - Chief Financial Officer Conference Call Participants Veronique Meertens - Van Lanschot Kempen Vivien Maquet - Degroof Petercam Frederic Renard - Kepler Steven Boumans - ABN AMRO ODDO BHF Ferragina Francesca - ING Lynn Hautekeete - KBC Sam Knott - Kolytics Alexander Totomanov - Green Street Operator Hello, and welcome to the Cofinimmo Full Year 2024 Results. My name is Laura, and I will be a coordinator for today's event.
Cofinimmo's dividend cut is likely due to increased share count and rising interest expenses, despite strong results and a low LTV ratio. The market may already be pricing in a dividend cut given the current yield of in excess of 11%. Cofinimmo's strategic use of stock dividends strengthens the balance sheet but dilutes per-share earnings, pressuring the payout ratio.
| Diversified REITs Industry | Real Estate Sector | Mr. Jean-Pierre Hanin CEO | OTC PINK Exchange | BE0003593044 ISIN |
| BE Country | 150 Employees | 20 May 2025 Last Dividend | - Last Split | - IPO Date |
Cofinimmo is a seasoned player in the real estate sector with 40 years of experience in acquiring, developing, and managing rental properties. With a diverse portfolio valued at approximately 6.2 billion EUR, the company has established its presence not only in its home country Belgium but also in France, the Netherlands, Germany, Spain, Finland, Ireland, Italy, and the United Kingdom. This geographical diversity underscores Cofinimmo's commitment to responding to societal needs by providing high-quality care, living, and working spaces. The company prides itself on its mission "Caring, Living and Working - Together in Real Estate", which emphasizes its commitment to enhancing the quality of life for its tenants. Operating as an independent entity, Cofinimmo adheres to the highest standards of corporate governance and sustainability. The company is listed on Euronext Brussels, is part of the BEL20 index, and enjoys the benefits of the REIT (Real Estate Investment Trust) regime across several countries, including Belgium, France, and the Netherlands. Cofinimmo is overseen by the Financial Services and Markets Authority (FSMA) in Belgium, ensuring regulatory compliance and fostering trust among its stakeholders. A dedicated team of approximately 155 employees stationed in key European cities including Brussels, Paris, Breda, Frankfurt, and Madrid, ensures that Cofinimmo's vast portfolio is managed efficiently and effectively.
At the core of Cofinimmo's portfolio is its healthcare real estate, valued at approximately 4.7 billion EUR. This segment includes a array of facilities such as clinics, nursing homes, and medical office buildings across Europe. Cofinimmo's emphasis on healthcare real estate reflects its response to an aging population and the growing demand for specialized care facilities. The company's investment in this area aligns with its mission to provide spaces that directly benefit occupants by enhancing their wellbeing.
Cofinimmo aims to meet the societal challenges of today and tomorrow by offering high-quality spaces that cater to a broad spectrum of needs. This includes modern office spaces designed to foster collaboration and innovation, residential properties that offer comfort and convenience, and care facilities that provide essential services to the elderly and those in need of medical assistance. By focusing on the quality and flexibility of its properties, Cofinimmo addresses the evolving real estate needs of its partner-tenants.
Beyond property management, Cofinimmo provides a suite of services to its tenants to ensure their utmost satisfaction and the highest functionality of the spaces it offers. These services are tailored to meet the unique needs of each tenant, whether they require support in healthcare facility operations, office space customization, or residential property management. This level of service reinforces Cofinimmo's commitment to fostering long-term relationships with its tenants and ensuring their spaces are not just occupied, but lived in and enjoyed.