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COFINIMMO IN THE STOCK MARKET /
The ordinary share
Cofinimmo offers four instruments listed on the stock market, which offer different
risk, liquidity and yield profiles. They are described in this chapter.
The ordinary share
The Cofinimmo ordinary shares is listed on NYSE Euronext Brussels
(ticker: COFB) since 1994. Cofinimmo is the foremost listed real
estate company of the Bel20. The ordinary share is also included
in the Euronext 150 index, as well as the EPRA Europe and GPR250
real estate indexes. At 31.12.2014, Cofinimmo’s market capitalisa-
tion amounted to €1.73 billion.
Stock market context and trend in
the Cofinimmo share
In an environment characterised by historically low interest rates
and a search for yields, the listed real esate companies performed
well in the stock market in 2014. The EPRA Europe index closed with
an average increase of 21.3%, against 12.4% for the Bel20 index.
The graph below illustrates the Cofinimmo share performance
in 2014 (without applying any adjustment on the 2013 dividend
payment date) in relation to the Bel20 and EPRA Europe indexes.
The Cofinimmo share price fluctuated between €84.74 and €97.83
with an average annual share price for the year 2014 of €89.76.
The Cofinimmo share ended the year 2014 with a closing price of
€95.97, i.e. a positive performance of 6.9% compared to the year
before.
The graph on the following page illustrates the Cofinimmo share
price in relation to its net asset value (in fair value) over the past
five years. The share price traded at an average discount of 2.0%
over the past five years and a premium of 1.6% in 2014.
Cofinimmo in the
stock market
Cofinimmo share price
Bel20 index
EPRA Europe index
125
120
115
110
105
100
95
90
Dec-13
Apr-14
Jul-14
Oct-14
Dec-14
Performance of the Cofinimmo share on the stock market in 2014 (basis 100 at 01.01.2014)
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