Covivio edges up on 2025 guidance upgrade

** Shares in French REIT Covivio COV rise 2.3%, slightly paring earlier gains, after the group raised 2025 guidance following what J.P.Morgan calls a better-than-expected financial conditions

** The group ups 2025 recurring net result outlook to 515 million euros ($599.61 million), which, JPM says, represents 8% increase vs 2024 and +4% increase per share

** "All round, a positive (and welcome) update in our view, and we expect the shares to react positively today," the broker adds

** Jefferies says average cost of debt is 1.7%, and the company expects it to remain below 2.5% until end-2028

** The move increases the stock's YTD gains to about 11% - LSEG data​

($1 = 0.8589 euros)