Activity at end-September 2022: record letting performances

Property markets driven by good letting activity

• Offices: rental demand continued its rebound in Q3
• Germany residential: the growing imbalance between supply and demand continues to drive up rents
• Hotels: performances now surpassing 2019 levels

Continuation of good operating performances across all businesses

• 119,000 m² in office space let or pre-let since the beginning of 2022, plus 126,000 m² in leases renewed
• Further successes in our development pipeline: 3 deliveries in September, 76% let on average
• Sustained rental performance in Germany Residential
• Hotels: strong recovery confirmed

Record like-for-like revenue growth at end-September 2022: 13.9%

• Revenues, Group share up 13.9% like-for-like to €470.9 million
• Offices: acceleration of like-for-like growth to 4.5%, driven by indexation and lettings
• Germany Residential: up 3.0% like-for-like, 99% occupancy rate
• Hotels: up 85.3% like-for-like, driven by the rebound in variable revenues and asset management work
• Occupancy rate: 96.2%

Strengthened debt profile

ESG: Covivio awarded again by GRESB Rating in 2022

• 88/100 score and GRESB « 5-Star » rating maintained