Cofinimmo SA/€COFB

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About Cofinimmo SA

Cofinimmo SA is a real estate investment company based in Brussels, Belgium, operating within the real estate sector. The company develops and manages property investments primarily focused on healthcare institutions, offices, and distribution networks. Founded in 1983, Cofinimmo has gradually expanded its portfolio to become a key player in the European market. It operates primarily in Belgium, France, the Netherlands, Germany, and Spain. The company emphasizes sustainable development and value creation, leveraging its strategic positioning in long-term investment properties and expertise in legal and tax structuring within the diversified European markets.

Ticker

€COFB

Primary listing

BSE

Employees

150

Cofinimmo SA Metrics

BasicAdvanced
€2.9B
21.30
€3.52
0.86
€4.34
5.79%

Bulls say / Bears say

Cofinimmo reaffirmed its gross dividend guidance at €5.20 per share for the 2025 financial year, to be paid in 2026, indicating strong cash flow and ongoing returns to shareholders.
The stock surged more than 10% to a two-year high after Aedifica’s takeover announcement, showing robust investor confidence in Cofinimmo’s valuation and future growth.
The board’s firm rejection of Aedifica’s offer and request for a higher exchange ratio to better reflect Cofinimmo’s asset quality shows management’s strong belief in the company’s true value and its strategic direction.
The board unanimously rejected Aedifica’s non-binding exchange proposal, stating that the terms undervalue Cofinimmo’s portfolio and carry significant execution risks, which increases deal uncertainty and could distract management.
Aedifica’s implied offer price of €80.91 per share represents only a modest 10.8% premium to Cofinimmo’s share price before the offer, highlighting that the shares still trade at a discount to the company’s adjusted net asset value.
While demand for healthcare property rentals remains strong, the broader European commercial real estate sector is expected to continue facing turmoil and higher loan-loss provisions through 2024, which could negatively impact property valuations and the performance of REITs.
Data summarised monthly by Lightyear AI. Last updated on 7 Sept 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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