Cofinimmo announced over one billion euros available in credit lines at the end of the first quarter of 2025, ready to be utilised for new opportunities, it announced in its quarterly results on Friday.
The real estate company, with 77% of its portfolio invested in healthcare properties, reported a low debt ratio of 41.8%, which is also declining.
It also noted a very low average debt cost of 1.4%, along with an occupancy rate of 98.5%. Cofinimmo’s gross rental income reached €88 million in the first quarter, representing an increase of nearly 3% on a like-for-like basis.
The net profit for the real estate company was €64 million, an increase of €47 million.
The fair value of Cofinimmo’s portfolio has risen in the first quarter of 2025, following nine consecutive quarters of decline, with the portfolio valued at €6 billion as of 31 March 2025.
The listed company, which is part of the Bel 20 index, reaffirmed its dividend forecast of €5.20 per share for the 2025 financial year.
