Covivio
Covivio is inventing today's user experience and designing tomorrow's city. A preferred real estate player at the European level, Covivio is close to its end users, capturing their aspirations, combining work, travel, living, and co-inventing vibrant spaces. A benchmark in the European real estate market with 23.6 billion pounds in assets, Covivio offers support to companies, hotel brands and ter… Read more
Covivio (GSEFF) - Net Assets
Latest net assets as of December 2025: $12.65 Billion USD
Based on the latest financial reports, Covivio (GSEFF) has net assets worth $12.65 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.33 Billion) and total liabilities ($12.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $12.65 Billion |
| % of Total Assets | 49.93% |
| Annual Growth Rate | 14.62% |
| 5-Year Change | -7.17% |
| 10-Year Change | 49.34% |
| Growth Volatility | 50.76 |
Covivio - Net Assets Trend (2004–2025)
This chart illustrates how Covivio's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Covivio (2004–2025)
The table below shows the annual net assets of Covivio from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $12.65 Billion | +5.26% |
| 2024-12-31 | $12.01 Billion | +0.43% |
| 2023-12-31 | $11.96 Billion | -15.10% |
| 2022-12-31 | $14.09 Billion | +3.44% |
| 2021-12-31 | $13.62 Billion | +8.39% |
| 2020-12-31 | $12.57 Billion | +1.70% |
| 2019-12-31 | $12.36 Billion | +8.80% |
| 2018-12-31 | $11.36 Billion | +11.71% |
| 2017-12-31 | $10.17 Billion | +20.07% |
| 2016-12-31 | $8.47 Billion | +9.57% |
| 2015-12-31 | $7.73 Billion | +5.87% |
| 2014-12-31 | $7.30 Billion | +1.17% |
| 2013-12-31 | $7.22 Billion | +19.03% |
| 2012-12-31 | $6.06 Billion | +0.36% |
| 2011-12-31 | $6.04 Billion | +0.20% |
| 2010-12-31 | $6.03 Billion | +25.38% |
| 2009-12-31 | $4.81 Billion | -17.07% |
| 2008-12-31 | $5.80 Billion | -19.07% |
| 2007-12-31 | $7.16 Billion | +76.48% |
| 2006-12-31 | $4.06 Billion | +74.85% |
| 2005-12-31 | $2.32 Billion | +222.00% |
| 2004-12-31 | $720.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Covivio's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $8.61 Billion | 100.00% |
| Total Equity | $8.61 Billion | 100.00% |
Covivio Competitors by Market Cap
The table below lists competitors of Covivio ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tobu Railway Co. Ltd
PINK:TBURF
|
$3.16 Billion |
|
Korn Ferry
NYSE:KFY
|
$3.16 Billion |
|
Qilu Bank Co Ltd
SHG:601665
|
$3.17 Billion |
|
Victory Capital Holdings Inc
NASDAQ:VCTR
|
$3.17 Billion |
|
Victoria's Secret & Co
NYSE:VSCO
|
$3.16 Billion |
|
Genworth Financial Inc
NYSE:GNW
|
$3.16 Billion |
|
Zhaojin Mining Industry Company Limited
PINK:ZHAOF
|
$3.15 Billion |
|
BankUnited Inc
NYSE:BKU
|
$3.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Covivio's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,228,200,000 to 8,610,774,000, a change of 382,574,000 (4.6%).
- Net income of 738,423,328 contributed positively to equity growth.
- Other comprehensive income decreased equity by 3,359,800,000.
- Other factors increased equity by 3,003,950,672.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $738.42 Million | +8.58% |
| Other Comprehensive Income | $-3.36 Billion | -39.02% |
| Other Changes | $3.00 Billion | +34.89% |
| Total Change | $- | 4.65% |
Book Value vs Market Value Analysis
This analysis compares Covivio's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.71x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.39x to 0.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $23.22 | $55.40 | x |
| 2005-12-31 | $39.03 | $55.40 | x |
| 2006-12-31 | $81.65 | $55.40 | x |
| 2007-12-31 | $115.97 | $55.40 | x |
| 2008-12-31 | $82.40 | $55.40 | x |
| 2009-12-31 | $75.73 | $55.40 | x |
| 2010-12-31 | $72.88 | $55.40 | x |
| 2011-12-31 | $70.10 | $55.40 | x |
| 2012-12-31 | $65.08 | $55.40 | x |
| 2013-12-31 | $70.64 | $55.40 | x |
| 2014-12-31 | $65.28 | $55.40 | x |
| 2015-12-31 | $70.24 | $55.40 | x |
| 2016-12-31 | $77.90 | $55.40 | x |
| 2017-12-31 | $85.83 | $55.40 | x |
| 2018-12-31 | $93.01 | $55.40 | x |
| 2019-12-31 | $94.86 | $55.40 | x |
| 2020-12-31 | $91.55 | $55.40 | x |
| 2021-12-31 | $96.85 | $55.40 | x |
| 2022-12-31 | $99.91 | $55.40 | x |
| 2023-12-31 | $81.60 | $55.40 | x |
| 2024-12-31 | $76.96 | $55.40 | x |
| 2025-12-31 | $77.72 | $55.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Covivio utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.58%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 69.47%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 2.94x
- Recent ROE (8.58%) is below the historical average (8.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 28.39% | 103.36% | 0.11x | 2.55x | $124.69 Million |
| 2005 | 31.11% | 102.52% | 0.06x | 4.97x | $240.59 Million |
| 2006 | 24.17% | 104.40% | 0.05x | 4.48x | $337.74 Million |
| 2007 | 28.92% | 136.76% | 0.05x | 4.45x | $806.35 Million |
| 2008 | -24.18% | -76.04% | 0.06x | 5.07x | $-1.18 Billion |
| 2009 | -13.59% | -46.87% | 0.07x | 4.08x | $-806.22 Million |
| 2010 | 22.55% | 116.03% | 0.05x | 3.80x | $485.01 Million |
| 2011 | 11.92% | 62.39% | 0.05x | 3.72x | $75.58 Million |
| 2012 | -0.69% | -3.48% | 0.05x | 3.70x | $-408.32 Million |
| 2013 | 7.93% | 40.88% | 0.05x | 4.00x | $-88.89 Million |
| 2014 | 2.27% | 9.54% | 0.06x | 4.22x | $-321.29 Million |
| 2015 | 10.38% | 47.59% | 0.05x | 4.06x | $17.54 Million |
| 2016 | 14.76% | 80.84% | 0.05x | 3.68x | $252.54 Million |
| 2017 | 14.37% | 91.61% | 0.05x | 3.42x | $277.78 Million |
| 2018 | 9.91% | 59.45% | 0.05x | 3.22x | $-6.57 Million |
| 2019 | 9.00% | 58.58% | 0.05x | 3.11x | $-82.78 Million |
| 2020 | 4.19% | 34.80% | 0.04x | 3.20x | $-498.45 Million |
| 2021 | 10.05% | 95.54% | 0.03x | 3.08x | $4.21 Million |
| 2022 | 6.57% | 58.10% | 0.04x | 2.94x | $-323.61 Million |
| 2023 | -17.83% | -139.15% | 0.04x | 3.15x | $-2.21 Billion |
| 2024 | 0.83% | 5.34% | 0.05x | 3.02x | $-754.72 Million |
| 2025 | 8.58% | 69.47% | 0.04x | 2.94x | $-122.65 Million |
Industry Comparison
This section compares Covivio's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $1,431,457,758
- Average return on equity (ROE) among peers: 3.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Covivio (GSEFF) | $12.65 Billion | 28.39% | 1.00x | $3.16 Billion |
| American Assets Trust Inc (AAT) | $189.17 Million | -3.71% | 4.13x | $997.50 Million |
| Armada Hflr Pr (AHH) | $-37.40 Million | 0.00% | 0.00x | $449.55 Million |
| Armada Hoffler Properties, Inc. (AHRT-PA) | $805.18 Million | 1.03% | 2.18x | $1.76 Billion |
| Precinct Properties New Zealand Limited (AOTUF) | $390.30 Million | 1.91% | 0.25x | $1.05 Billion |
| Artis REIT (ARESF) | $4.10 Million | 0.00% | 1.29x | $228.58 Million |
| Ascott Residence Trust (ATTRF) | $3.13 Billion | 4.71% | 0.70x | $1.70 Billion |
| Broadstone Net Lease Inc (BNL) | $1.28 Billion | 4.27% | 1.01x | $3.74 Billion |
| British Land Company Plc (BRLAF) | $4.11 Billion | 3.88% | 1.12x | $5.24 Billion |
| Icade SA (CDMGF) | $1.16 Billion | 6.10% | 1.97x | $700.47 Million |
| Charter Hall Long WALE REIT (CHLWF) | $3.28 Billion | 18.86% | 0.43x | $1.19 Billion |