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    Real estate investment trusts
ADVERO Properties Socimi SA

ADVERO Properties Socimi SA

BBME:YADV
13.30
EUR
+0.20
(+1.53%)
68.07MMarket Cap
ADVERO Properties Socimi SA
BME:YADV
(Spanish Stock Exchange)

Recent

price

13.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
- -
0.03
0.25
0.25
0.26
0.43
0.62
0.54
0.49
- -
Revenue per Share
- -
0.03
0.04
-0.05
-0.01
0.04
0.05
0.06
0.08
- -
Basic EPS, GAAP
- -
-0.05
0.19
-0.02
0.06
0.05
0.18
0.27
0.18
- -
Free Cash Flow per Basic Share
- -
- -
0.02
0.02
- -
- -
0.03
0.03
0.04
- -
Dividend per Share
0.02
4.06
5.28
6.27
7.07
7.39
7.35
8.19
8.81
8.19
Book Value per Share
0.02
4.06
5.28
6.27
7.07
7.38
7.34
8.18
8.81
8.18
Tangible Book Value per Share
2
2
2
2
4
4
4
6
8
5
Basic Weighted Avg Shares
- -
- -
- -
1
1
2
3
3
4
- -
Sales/Revenue/Turnover
- -
-99.86
0.19
-9.53
-4.73
16.51
18.44
21.1
23.84
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
1
1
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
101.1
15.7
-17.91
-5.29
8.29
7.79
11.8
16.95
- -
Profit Margin (%)
- -
- -
2
3
13
2
-1
5
15
5
Working Capital
- -
- -
4
4
8
8
12
12
11
12
LT Debt
- -
7
9
15
25
31
31
47
60
47
Total Equity
- -
1.15
0.86
- -
- -
0.88
1.14
1.33
1.46
- -
Return on Invested Capital (%)
- -
1.15
0.86
- -
- -
0.9
1.18
1.63
1.58
- -
Return on Capital (%)
- -
1.35
0.85
-0.92
-0.24
0.54
0.66
0.94
1.23
- -
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
1
1
2
LT Borrowings
12
13
12
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4
4
6
Market Capitalization
46
46
68

Working Capital

EUR

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
1
1
8
Cash, Cash Equivalents & STI
1
1
7
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
2
1
2
Payables & Accruals
- -
- -
- -
ST Debt
1
1
2
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
33.6%
27.19%
Free Cash Flow
- -
-15.66%
-10.07%
Net Income, GAAP
- -
-55.42%
78.89%
Sales/Revenue/Turnover
- -
47.41%
24.46%
Total Cash Common Dividend
- -
- -
80.86%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
3
2024
- -
- -
3
2025
- -
- -
4

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.05
2024
- -
- -
0.06
2025
- -
- -
0.08

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.03
2024
- -
- -
0.03
2025
- -
- -
0.04
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Business
ADVERO Properties Socimi SA is a Spain-based real estate investment trust focused on the acquisition, development, and active management of middle-income residential rental properties. Founded in August 2017 and headquartered in Barcelona, Spain, the company specializes in acquiring entire multi-family residential buildings located in suburban and middle-income neighborhoods across key Spanish metropolitan areas. ADVERO's core business offerings and services comprise residential real estate acquisition and portfolio management; long-term residential apartment leasing; building renovation, modernization, and energy-efficiency improvement; tenant onboarding and community property management; and ancillary rental asset management, including dedicated residential parking spaces and on-site storage units. The company primarily serves middle-income working individuals and families across the metropolitan regions of Barcelona, Madrid, Malaga, and Cordoba. In recent developments, ADVERO has accelerated its expansion strategy, growing its portfolio to 32 buildings containing 592 residential units, alongside associated parking and storage facilities, following the acquisition of a 63-unit residential asset in Collado Villalba, Madrid. The company has financed its portfolio growth through structured debt facilities and multiple equity capital increases. Furthermore, ADVERO initiated a public takeover bid to acquire 100% of residential peer VBARE Iberian Properties SOCIMI to consolidate its middle-income rental footprint in Spain. Demonstrating operational cash flow growth across its income-generating assets, the company has also instituted a shareholder dividend distribution program.