Spanish Real Estate Potentially Undervalued Companies

VBARE Iberian Properties SOCIMI

Market Cap: €35.6m

A multi-family residential REIT company.

MERLIN Properties SOCIMI

Market Cap: €5.2b

MERLIN Properties SOCIMI, S.A. (MC:MRL) is the largest real estate company trading on the Spanish Stock Exchange.

Wellder Senior Assets SOCIMI

Market Cap: €93.0m

Operates as a real estate investment company in Spain.

Inmobiliaria Colonial SOCIMI

Market Cap: €3.3b

Grupo Colonial is a listed SOCIMI on the Spanish stock exchange and a leader in the prime office market in Europe, present in the main business areas of Barcelona, Madrid and Paris with a prime office portfolio of almost 1.5 million m2 and a value of assets under management of more than €11,000m.

Hispanotels Inversiones Socimi

Market Cap: €84.7m

Engages in the investment in hotel, office, residential, and commercial real estate property markets.

Mercal Inmuebles Socimi

Market Cap: €45.8m

Engages in the acquisition and promotion of real estate properties of an urban nature for lease.

Gop Properties Socimi

Market Cap: €92.0m

Grupo Ortiz Properties SOCIMI, S.A. engages in managing and leasing real estate assets in Spain.

Quonia Socimi

Market Cap: €38.0m

A real estate investment fund, engages in the acquisition and management of real estate assets in Barcelona.