Half Year 2024 Covivio SA Earnings Call Transcript

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Jul 22, 2024

Jul 22, 2024 / 08:00AM GMT
Operator

Good morning, everyone, and welcome to the Covivio first quarter 2024 results conference call. (Operator Instructions) Please be advised that today's conference call is being recorded.

Now, I would like to hand over the conference to Christophe Kullmann, CEO of Covivio. Mr. Kullmann, please go ahead.

Christophe Kullmann - Covivio SA - Chief Executive Officer, Member of the Executive Committee

Hello, everybody. I'm happy together with Paul to present Covivio H1 '24 results with detailed transforming semesters is clearly my feeling looking at the market and our achievements. Let's start page3 with the key highlights. We set ourselves three main priorities of '24 financial discipline, earning goals and portfolio rebalancing. At midyear, we are well on track. We reinforced the balance sheet with new disposal agreement and reduced LTV while values start to stabilize. In parallel, we expect growth from our portfolio through asset management works always as our goal. We are growing and we started the rebalancing of the portfolio with two major deals.

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