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    Real Estate - Development
LAMDA Development S.A.

LAMDA Development S.A.

LAMDA.AT
LAMDA Development S.A.GR flagAthens Stock Exchange
6.80
EUR
-0.12
- -
1.16BMarket Cap
LAMDA Development S.A.
LAMDA.AT
(Athens Stock Exchange)

Recent

price

6.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.69
1.68
1.48
0.91
0.71
0.53
0.6
1.06
0.96
1.02
0.38
0.45
0.81
2.59
3.7
3.3
3.62
Revenue per Share
-0.59
-0.59
-1.9
-0.99
-0.38
-0.26
-0.04
-0.59
0.51
0.62
-0.29
1.08
-0.18
0.16
0.27
0.53
0.2
Basic EPS, GAAP
-0.17
-0.03
-0.22
-1.75
-0.08
-0.02
0.01
0.34
-0.71
-0.15
-0.17
0.03
0.04
0.32
1.4
-0.5
0.85
Free Cash Flow per Basic Share
0.03
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
8.31
7.73
5.92
4.9
6.17
4.25
4.24
-0.57
-0.05
0.99
0.15
6.73
0.98
1.13
1.4
1.89
6.93
Book Value per Share
8.16
7.18
6.22
5.09
6.25
4.32
4.31
4.59
5.26
14.23
6.14
7.25
6.52
6.74
7.04
7.55
6.95
Tangible Book Value per Share
49
49
48
49
62
84
82
82
83
80
177
177
175
174
174
172
174
Basic Weighted Avg Shares
83
82
71
45
44
44
49
87
79
82
68
79
142
451
644
567
629
Sales/Revenue/Turnover
28.22
26.9
2.14
28.18
35.4
36.1
39.91
20.36
59.83
50.55
18.08
-4.78
-15.13
26.78
21.45
12.52
21.78
Operating Margin (%)
2
3
3
1
1
1
1
1
1
1
8
9
9
11
12
12
12
Depreciation Expense
-29
-29
-92
-49
-23
-22
-3
-48
42
50
-52
191
-31
27
46
91
35
Net Income, GAAP
- -
- -
- -
- -
- -
- -
193.95
- -
19.39
28.41
- -
25.42
201.65
52.65
38.35
32.23
39.03
Effective Tax Rate (%)
-35.18
-34.96
-128.69
-108.77
-53.01
-50.1
-6.43
-55.42
53.32
61.04
-76.21
241.8
-22.17
5.99
7.18
15.96
5.51
Profit Margin (%)
281
218
152
10
144
170
144
-93
-74
563
877
459
60
-25
559
968
511
Working Capital
571
499
315
240
225
269
249
236
306
415
882
852
954
949
1,346
1,647
1,352
LT Debt
403
355
301
250
388
361
355
377
435
1,143
1,102
1,301
1,168
1,191
1,246
1,319
1,227
Total Equity
- -
- -
- -
- -
- -
- -
-2.88
- -
4.49
2.32
- -
-0.13
0.92
2.25
3.29
1.71
3.22
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
-2.63
- -
9.11
9.36
- -
14.13
-4.62
3.97
5.53
7.25
2.07
Return on Capital (%)
-6.85
-7.3
-27.69
-18.46
-7.54
-5.98
-0.9
- -
- -
- -
-97.21
31.47
-4.62
14.74
21.03
31.85
2.92
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
30
29
23
LT Borrowings
1,114
1,149
1,151
LT Finance Leases
194
196
201
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
175
175
175
Market Capitalization
1,301
1,270
1,170

Working Capital

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
985
1,277
1,272
Cash, Cash Equivalents & STI
603
642
606
Accounts Receivable, Net
185
218
209
Inventories
178
406
443
Total Current Liabilities
781
718
761
Payables & Accruals
- -
- -
- -
ST Debt
30
29
23
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.96%
4.06%
5.86%
Free Cash Flow
467.98%
162.12%
-135.31%
Net Income, GAAP
36.48%
-121.12%
95.75%
Sales/Revenue/Turnover
41.08%
68.96%
-11.93%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
48
88
70
245
451
2024
142
105
130
289
644
2025
106
133
123
- -
567

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.12
0.23
-0.14
- -
0.16
2024
- -
- -
0.03
- -
0.27
2025
-0.06
- -
- -
- -
0.53

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
LAMDA Development S.A. (LAMDA.AT) is a leading Greek real estate development and investment company focused on large-scale urban regeneration, commercial property development, and retail operations. The company develops and manages mixed-use projects including shopping malls, office spaces, residential communities, hotels, and entertainment venues; its portfolio features flagship properties such as The Mall Athens, Golden Hall luxury retail center, and the transformative Ellinikon Metropolitan Park project, a 6.2 million square meter redevelopment of the former Athens airport site into Europe's largest urban park with residential, commercial, office, sports, and cultural facilities. LAMDA operates primarily in Greece with projects concentrated in the Athens metropolitan area and targets institutional investors, retail consumers, corporate tenants, and high-net-worth individuals seeking premium real estate assets. Founded in 1986 and headquartered in Marousi, Athens, Greece, the company maintains strategic alliances with global partners like Abu Dhabi-based ADQ and Fosun Group for the Ellinikon project. In recent developments, LAMDA advanced Phase B of the Ellinikon project with new residential tower approvals and construction milestones in 2024-2025; secured additional funding through a EUR 280 million green bond issuance in 2024 to support sustainable development initiatives; and expanded retail offerings with luxury brand entries at Golden Hall amid post-pandemic recovery, reflecting its shift toward green, smart-city developments under stringent EU sustainability regulations.