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    REIT - Diversified
Lar España Real Estate SOCIMI, S.A.

Lar España Real Estate SOCIMI, S.A.

LRE.MC
Lar España Real Estate SOCIMI, S.A.ES flagMadrid Stock Exchange
8.29
EUR
- -
- -
693.33MMarket Cap
Lar España Real Estate SOCIMI, S.A.
LRE.MC
(Madrid Stock Exchange)

Recent

price

8.29

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
0.2
0.75
0.83
0.85
0.83
0.9
1.09
0.91
0.96
1.09
1.09
Revenue per Share
0.08
0.91
1.26
1.48
1.38
0.9
-0.63
0.31
0.87
0.44
-0.63
Basic EPS, GAAP
0.07
0.47
0.26
0.44
0.2
0.19
0.1
0.38
0.71
0.82
0.1
Free Cash Flow per Basic Share
- -
0.03
0.17
0.33
0.48
0.81
0.63
0.31
0.36
0.6
- -
Dividend per Share
1.95
3.42
3.75
3.51
3.38
2.85
1.42
2.29
2.87
2.44
1.42
Book Value per Share
9.09
11.94
11.17
9.95
10.71
10.93
10.04
10.16
10.75
10.59
10.05
Tangible Book Value per Share
43
48
73
91
93
90
86
84
84
84
86
Basic Weighted Avg Shares
9
36
60
78
78
81
93
76
80
91
93
Sales/Revenue/Turnover
14.79
42.97
22.56
53.52
28.34
71.88
74.73
66.78
77.33
72.36
74.73
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
3
44
91
136
129
81
-54
26
73
37
-54
Net Income, GAAP
- -
- -
- -
- -
3.39
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
40.16
121.9
151.79
174.75
166.12
99.51
-57.51
33.8
90.89
40.27
-57.51
Profit Margin (%)
52
50
66
115
224
197
206
204
477
234
206
Working Capital
38
312
440
500
567
646
710
764
764
647
710
LT Debt
389
571
812
918
1,008
983
860
855
899
886
860
Total Equity
- -
2.33
1.26
3.07
1.41
- -
- -
- -
3.64
- -
- -
Return on Invested Capital (%)
- -
16.41
16.86
19.19
16.64
- -
- -
- -
8.46
- -
10.04
Return on Capital (%)
- -
35.26
41.93
45.71
40.62
28.24
-28.43
16.38
33.64
16.55
-28.43
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'20
Sep'20
Dec'20
ST Debt
35
12
44
LT Borrowings
713
713
710
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
85
85
85
Market Capitalization
288
245
290

Working Capital

FRC

•

in mil. unless spec.
Jun'20
Sep'20
Dec'20
Total Current Assets
276
250
273
Cash, Cash Equivalents & STI
131
106
134
Accounts Receivable, Net
14
37
22
Inventories
- -
- -
- -
Total Current Liabilities
60
34
67
Payables & Accruals
- -
- -
- -
ST Debt
35
12
44
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-2.4%
-1.47%
Free Cash Flow
- -
63.06%
16.05%
Net Income, GAAP
- -
-43.76%
-49.55%
Sales/Revenue/Turnover
- -
4.01%
13.87%
Total Cash Common Dividend
- -
12.97%
66.71%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
80
2023
- -
- -
- -
- -
91
2024
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
0.87
2023
- -
- -
- -
- -
0.44
2024
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
0.36
2023
- -
- -
- -
- -
0.6
2024
- -
- -
- -
- -
- -
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Business
Lar España Real Estate SOCIMI, S.A. (LRE.MC) is a Spanish listed real estate investment company (SOCIMI) that acquires, manages, and leases commercial properties, primarily retail assets including shopping centres and retail parks across Spain; its portfolio comprises around 500,000 square metres of gross leasable area valued at approximately €1.34 billion, targeting high-yield opportunities through active asset management and value creation strategies. Founded in 2014 and headquartered at Calle María de Molina 39, Planta 10, Madrid, the company operates exclusively in the Spanish market, focusing on retail real estate investment trusts (REITs) with selective exposure to offices and residential properties; it is externally managed by Grupo Lar, leveraging the group's extensive experience in property development, refurbishment, and portfolio optimization. In late 2024, Lar España completed a reverse merger with its parent Helios RE Socimi, S.A., resulting in a name change to Helios RE Socimi, S.A. (operating as HLRE Socimi), delisting from the Continuous Market and relisting on the BME Scaleup segment, alongside a renewed board chaired by Vanessa Gelado; key recent developments include a €810 million refinancing deal in July 2024 with Morgan Stanley and Banco Santander for its core retail portfolio, the sale of two non-core assets (Txingudi shopping centre and Las Huertas retail park) for €40.5 million in August 2024 to support rotation strategy, new strategic services contracts with affiliates HREIS and GLMSI effective 2025, and full acquisition of shares by Helios in February 2025 following a voluntary takeover bid by Hines and Grupo Lar.