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COFINIMMO IN
THE STOCK MARKET
Cofinimmo offers four instruments listed on the stock market and offering different risk, liquidity and
yield profiles. They are described in this chapter.
THE ORDINARY SHARE
The Cofinimmo ordinary shares have been listed on NYSE Euronext
Brussels (ticker: COFB) since 1994.
The ordinary share is included in the BEL20 and Euronext 150 indexes, as
well as the EPRA Europe and GPR250 real estate indexes. Cofinimmo is the
foremost real estate investment company of the BEL20.
At 31.12.2013, Cofinimmo’s market capitalisation amounted to €1.52 billion.
STOCK MARKET CONTEXT AND TREND IN THE COFINIMMO
SHARE
In an environment characterised by an accommodating monetary policy
supporting low interest rates, the share market performed well in 2013. The
EPRA Europe and BEL20 indexes closed with respective average increases
of 6.8% and 18.1%.
During the first half of 2013, the Cofinimmo share price fluctuated between
€82.2 and €93.5. The Cofinimmo share ended the year 2013 with a closing
price of €89.8. The average annual share price for the year 2013 stands at
€88.3, i.e. 2.2% lower on average than the net asset value (in fair value)
1
.
The graph below illustrates the Cofinimmo share performance in 2013
(without applying any adjustment on the 2012 dividend payment date)
in relation to the BEL20 and EPRA Europe indexes. The Cofinimmo share
posted a positive performance of 0.17%.
1
The net asset value (in fair value) stood at €91.79 at 31.12.2013.
120
110
100
90
80
Dec-12
Apr-13
Jul-13
Oct-13
Dec-13
80
90
100
110
120
2/12/13
1/11/13
1/10/13
2/09/13
1/08/13
1/07/13
3/06/13
1/05/13
1/04/13
1/03/13
1/02/13
1/01/13
Cofinimmo share price
BEL20 index
EPRA Europe index
PERFORMANCE OF THE COFINIMMO SHARE ON THE STOCK MARKET IN 2013
Management Report /
Cofinimmo in the Stock Market
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