Castellana Properties Socimi（YCPS）株式概要2016年12月20日現在、Castellana Properties Socimi, S.A.。 詳細YCPS ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長0/6過去の実績4/6財務の健全性3/6配当金3/6報酬当社が推定した公正価値より57.9%で取引されている 過去1年間で収益は66%増加しました リスク分析負債は営業キャッシュフローで十分にカバーされていない 過去1年間で株主の希薄化が進んだ 9.04%の配当はフリーキャッシュフローで十分にカバーされていない 財務結果に影響を与える大きな一時的項目 すべてのリスクチェックを見るYCPS Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW475,659 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA475,659 investors already sharing narrativesYour Fair Value€Current Price€9.5014.9% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-32m428m2016201920222025202620282031Revenue €427.5mEarnings €370.4mAdvancedSet Fair ValueView all narrativesCastellana Properties Socimi, S.A. 競合他社General de Galerías Comerciales SOCIMISymbol: BME:GGCMarket cap: €4.2bHelios RE SocimiSymbol: BME:SCHLRMarket cap: €694.7mOlimpo Real Estate SOCIMISymbol: BME:YOREMarket cap: €192.7mTrivium Real Estate SOCIMISymbol: BME:YTRIMarket cap: €196.6m価格と性能株価の高値、安値、推移の概要Castellana Properties Socimi過去の株価現在の株価€9.5052週高値€9.8552週安値€7.20ベータ0.101ヶ月の変化-1.55%3ヶ月変化-3.55%1年変化32.87%3年間の変化47.29%5年間の変化53.23%IPOからの変化50.79%最新ニュースお知らせ • Jun 18Castellana Properties Socimi, S.A., Annual General Meeting, Jul 20, 2026Castellana Properties Socimi, S.A., Annual General Meeting, Jul 20, 2026. Location: paseo de la castellana 36-38, planta 8, madrid SpainNew Risk • Jun 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 158% Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Large one-off items impacting financial results. Shareholders have been diluted in the past year (15% increase in shares outstanding).Board Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Apr 17Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Mar 19Castellana Properties Socimi, S.A. (BME:YCPS) signed a share purchase agreement to acquire 50% stake in Splau shopping center in Barcelona from Unibail-Rodamco-Westfield SE (ENXTPA:URW) for €89.2 million.Castellana Properties Socimi, S.A. (BME:YCPS) signed a share purchase agreement to acquire 50% stake in Splau shopping center in Barcelona from Unibail-Rodamco-Westfield SE (ENXTPA:URW) for €89.2 million on March 18, 2026. The purchase consideration payable for the Castellana’s share in the Property is €89.25 million (the “Purchase Consideration”), payable in cash on the Closing Date. The Purchase Consideration has been calculated based on the Agreed Asset Value, less a new mortgage loan of €171.5 million. The Transaction is based on a gross asset price assigned to 100% of the Property of €350 million.Castellana will fund the purchase consideration through its existing cash resources. The expected completion of the transaction is April 21, 2026 to April 30, 2026.お知らせ • Feb 04Castellana Properties Socimi, S.A. (BME:YCPS) acquired Rpfi Activos Inmobiliarios Sl. from Barings Core Spain Socimi, S.A.U. (ENXTPA:MLBAR) for approximately €110 million.Castellana Properties Socimi, S.A. (BME:YCPS) acquired Rpfi Activos Inmobiliarios Sl. from Barings Core Spain Socimi, S.A.U. (ENXTPA:MLBAR) for approximately €110 million on January 30, 2026. The purchase consideration payable for the Acquisition Shares is €108 million payable in cash on the Closing Date. The Purchase Consideration may ultimately be adjusted based on the financial statements of the Acquisition Company as at the Closing Date. However, it is not expected that there will be a material adjustment to the Purchase Consideration. The SPA includes market-standard warranties, indemnities and undertakings for a transaction of this nature. The Acquisition will be funded by a combination of existing cash resources and in-country debt of €50 million, representing a loan-to-value ratio of c.46%. Additionally, Vukile provided financial assistance to Castellana Properties SOCIMI, through a shareholder loan amounting to €44 million. The completion of the Acquisition is not subject to any conditions precedent. Java Capital and NSX Sponsor acted as advisors in the transaction. Ismael Fernández Antón, Javier Hernández Galante and Tannia Rodríguez of Ashurst LLP, Spain acted as legal advisor for Castellana Properties Socimi, S.A. Jesús Varela, José Ramón and Paulino González-Fierro Amondaray of Vizcaíno Pérez-Llorca Abogados, S.L.P. acted as legal advisor for Barings Core Spain Socimi, S.A.U. Castellana Properties Socimi, S.A. (BME:YCPS) completed the acquisition of Rpfi Activos Inmobiliarios Sl. from Barings Core Spain Socimi, S.A.U. (ENXTPA:MLBAR) on January 30, 2026.最新情報をもっと見るRecent updatesお知らせ • Jun 18Castellana Properties Socimi, S.A., Annual General Meeting, Jul 20, 2026Castellana Properties Socimi, S.A., Annual General Meeting, Jul 20, 2026. Location: paseo de la castellana 36-38, planta 8, madrid SpainNew Risk • Jun 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 158% Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Large one-off items impacting financial results. Shareholders have been diluted in the past year (15% increase in shares outstanding).Board Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Apr 17Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Mar 19Castellana Properties Socimi, S.A. (BME:YCPS) signed a share purchase agreement to acquire 50% stake in Splau shopping center in Barcelona from Unibail-Rodamco-Westfield SE (ENXTPA:URW) for €89.2 million.Castellana Properties Socimi, S.A. (BME:YCPS) signed a share purchase agreement to acquire 50% stake in Splau shopping center in Barcelona from Unibail-Rodamco-Westfield SE (ENXTPA:URW) for €89.2 million on March 18, 2026. The purchase consideration payable for the Castellana’s share in the Property is €89.25 million (the “Purchase Consideration”), payable in cash on the Closing Date. The Purchase Consideration has been calculated based on the Agreed Asset Value, less a new mortgage loan of €171.5 million. The Transaction is based on a gross asset price assigned to 100% of the Property of €350 million.Castellana will fund the purchase consideration through its existing cash resources. The expected completion of the transaction is April 21, 2026 to April 30, 2026.お知らせ • Feb 04Castellana Properties Socimi, S.A. (BME:YCPS) acquired Rpfi Activos Inmobiliarios Sl. from Barings Core Spain Socimi, S.A.U. (ENXTPA:MLBAR) for approximately €110 million.Castellana Properties Socimi, S.A. (BME:YCPS) acquired Rpfi Activos Inmobiliarios Sl. from Barings Core Spain Socimi, S.A.U. (ENXTPA:MLBAR) for approximately €110 million on January 30, 2026. The purchase consideration payable for the Acquisition Shares is €108 million payable in cash on the Closing Date. The Purchase Consideration may ultimately be adjusted based on the financial statements of the Acquisition Company as at the Closing Date. However, it is not expected that there will be a material adjustment to the Purchase Consideration. The SPA includes market-standard warranties, indemnities and undertakings for a transaction of this nature. The Acquisition will be funded by a combination of existing cash resources and in-country debt of €50 million, representing a loan-to-value ratio of c.46%. Additionally, Vukile provided financial assistance to Castellana Properties SOCIMI, through a shareholder loan amounting to €44 million. The completion of the Acquisition is not subject to any conditions precedent. Java Capital and NSX Sponsor acted as advisors in the transaction. Ismael Fernández Antón, Javier Hernández Galante and Tannia Rodríguez of Ashurst LLP, Spain acted as legal advisor for Castellana Properties Socimi, S.A. Jesús Varela, José Ramón and Paulino González-Fierro Amondaray of Vizcaíno Pérez-Llorca Abogados, S.L.P. acted as legal advisor for Barings Core Spain Socimi, S.A.U. Castellana Properties Socimi, S.A. (BME:YCPS) completed the acquisition of Rpfi Activos Inmobiliarios Sl. from Barings Core Spain Socimi, S.A.U. (ENXTPA:MLBAR) on January 30, 2026.お知らせ • Jan 30Ares Real Estate Fund and Ares Management Corporation (NYSE:ARES) reached an agreement to acquire Portfolio of retail parks in Spain from Castellana Properties Socimi, S.A. (BME:YCPS) for approximately €280 million.Ares Real Estate Fund and Ares Management Corporation (NYSE:ARES) reached an agreement to acquire Portfolio of retail parks in Spain from Castellana Properties Socimi, S.A. (BME:YCPS) for approximately €280 million on January 28, 2026. A consideration of €279 million will be paid by Ares Real Estate Fund and Ares Management Corporation. As part of consideration, €279 million is paid towards assets of Portfolio of retail parks in Spain. The expected completion of the transaction is April 1, 2026. Javier Hernández Galante, Ismael Fernández Antón, and Pedro Ester of Ashurst LLP, Spain acted as e legal advisor to Castellana. Linklaters LLP (USA) acted as a legal advisor, Ernst & Young Capital Advisors, LLC acted as a financial advisor and Deloitte Tax LLP acts as a tax advisor to Ares Management.Board Change • Jan 07Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Dec 01Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Nov 05Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Aug 13Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Jul 29Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Jun 14Full year 2025 earnings releasedFull year 2025 results: Revenue: €82.9m (down 7.3% from FY 2024). Net income: €90.8m (up 305% from FY 2024).お知らせ • Jun 13Castellana Properties Socimi, S.A., Annual General Meeting, Jul 16, 2025Castellana Properties Socimi, S.A., Annual General Meeting, Jul 16, 2025. Location: glorieta de ruben dario 3., madrid SpainBoard Change • Jun 12Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.New Risk • Jun 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (26% increase in shares outstanding).Board Change • May 09Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.New Risk • Apr 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (26% increase in shares outstanding).Board Change • Apr 04Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Mar 12Castellana Properties Socimi, S.A. (BME:YCPS) concluded an agreement to acquire Bonaire Shopping Centre from Unibail-Rodamco Retail Spain Sl., Unibail Rodamco Spain S.A. and Unibail Rodamco Spain S.L.U for approximately €310 million.Castellana Properties Socimi, S.A. (BME:YCPS) concluded an agreement to acquire Bonaire Shopping Centre from Unibail-Rodamco Retail Spain Sl., Unibail Rodamco Spain S.A. and Unibail Rodamco Spain S.L.U for approximately €310 million on March 11, 2025. A cash consideration of €305 million will be paid by Castellana Properties Socimi, S.A. As part of consideration, €305 million is paid towards assets of Bonaire Shopping Centre. The transaction will be financed through in-country debt of of €126 million and part of the proceeds of Castellana’s disposal of its shareholding in Lar España, which proceeds were received in December 2024. The expected completion of the transaction is March 13, 2025.Board Change • Feb 25Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Feb 07Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.分析記事 • Nov 27Not Many Are Piling Into Castellana Properties Socimi, S.A. (BME:YCPS) Just YetWith a median price-to-earnings (or "P/E") ratio of close to 19x in Spain, you could be forgiven for feeling...New Risk • Nov 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (127% payout ratio). Shareholders have been diluted in the past year (14% increase in shares outstanding).Upcoming Dividend • Nov 26Upcoming dividend of €0.07 per shareEligible shareholders must have bought the stock before 03 December 2024. Payment date: 05 December 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.4%. Lower than top quartile of Spanish dividend payers (5.5%). Higher than average of industry peers (2.7%).お知らせ • Oct 02Castellana Properties Socimi, S.A. (BME:YCPS) completed the acquisition of shopping centre portfolio acquisition in Portugal from Suitable World, Unipessoal, Lda.Castellana Properties Socimi, S.A. (BME:YCPS) entered into a share purchase agreement to acquire shopping centre portfolio acquisition in Portugal from Suitable World, Unipessoal, Lda for €176.5 million on September 9, 2024. Castellana is entitled to assign its rights under the SPA to a nominee. Castellana will nominate a newly incorporated subsidiary (‘Newco’) as the purchaser. 80% of the shares in Newco will be held by Castellana and 20% of the shares in Newco will be held by RMB Investments and Advisory Proprietary Limited. RMBIA is a company incorporated in the Republic of South Africa within the FirstRand Limited Group. Newco will refinance an existing in-country asset-backed debt package of €72.5 million with existing lenders. The remaining €104 million of the purchase consideration will be funded by a subscription for shares in Newco, of which 80% will be subscribed for by Castellana, using existing cash resources of the Vukile group and 20% will be subscribed for by RMBIA. The Transaction is conditional on the approval by the Lenders of the re-finance of the existing in-country asset- backed debt package, including a change of control of the companies and the release of the Seller from any liabilities relating thereto. Castellana has received binding term sheets from the Lenders in this regard and the funding is only subject to the finalisation of legal agreements. The transaction remains subject to the usual conditions precedent and is expected to close on October 1, 2024. Castellana Properties Socimi, S.A. (BME:YCPS) completed the acquisition of shopping centre portfolio acquisition in Portugal from Suitable World, Unipessoal, Lda on October 1, 2024.お知らせ • Sep 10Castellana Properties Socimi, S.A. (BME:YCPS)concluded a share purchase agreement to acquire shopping centre portfolio acquisition in Portugal from Suitable World, Unipessoal, Lda for €176.5 million.Castellana Properties Socimi, S.A. (BME:YCPS)concluded a share purchase agreement to acquire shopping centre portfolio acquisition in Portugal from Suitable World, Unipessoal, Lda for €176.5 million on September 9, 2024. Castellana is entitled to assign its rights under the SPA to a nominee. Castellana will nominate a newly incorporated subsidiary (‘Newco’) as the purchaser. 80% of the shares in Newco will be held by Castellana and 20% of the shares in Newco will be held by RMB Investments and Advisory Proprietary Limited. RMBIA is a company incorporated in the Republic of South Africa within the FirstRand Limited Group. Newco will refinance an existing in-country asset-backed debt package of €72.5 million with existing lenders. The remaining €104 million of the purchase consideration will be funded by a subscription for shares in Newco, of which 80% will be subscribed for by Castellana, using existing cash resources of the Vukile group and 20% will be subscribed for by RMBIA. The Transaction is conditional on the approval by the Lenders of the re-finance of the existing in-country asset- backed debt package, including a change of control of the companies and the release of the Seller from any liabilities relating thereto. Castellana has received binding term sheets from the Lenders in this regard and the funding is only subject to the finalisation of legal agreements. The transaction remains subject to the usual conditions precedent and is expected to close on 1 October 2024.お知らせ • Jul 13The consortium formed by the Real Estate fund Hines European Real Estate Partners III a fund managed by Hines Interests Limited Partnership and Grupo Lar Inversiones Inmobiliarias, S.A., announce a Voluntary Cash Tender Offer to acquire an remaining 89.85% stake in Lar España Real Estate SOCIMI, S.A. (BME:LRE) for approximately €610 million.The consortium formed by the Real Estate fund Hines European Real Estate Partners III a fund managed by Hines Interests Limited Partnership and Grupo Lar Inversiones Inmobiliarias, S.A., announce a Voluntary Cash Tender Offer to acquire an remaining 89.85% stake in Lar España Real Estate SOCIMI, S.A. (BME:LRE) for approximately €610 million on July 12, 2024. The consideration offered to Lar España’s shareholders consists of €8.10 per share, paid in cash, which implies valuing Lar España’s share capital at approximately €678 million. The Offer price implies a premium of 16% over the closing share price on the day before the Announcement, 17% premium over last 1-month VWAP and 25% premium over last 6-month VWAP adjusted by dividend. The Offer is addressed to effectively 89.85% of the ordinary shares of Lar España, excluding the shares owned by Grupo Lar and Miguel Pereda Espeso (shareholder and Executive Chairman of Grupo Lar), which will contribute their shares to the Offeror after settlement. The Offer is conditional on reaching a minimum level of acceptance that allows the Offeror to gain control, assets perimeter remaining unchanged and no material changes in the net debt/cash position taking the latest publicly available quarterly report as of Q1- 2024. The Consortium will fund the Offer with a combination of equity and external debt financing fully underwritten by reputable banks. The intention of the parties is to further optimize the capital structure of Lar España and to increase leverage to c.60% LTV. Morgan Stanley and AZ Capital are acting as financial advisors and Freshfields Bruckhaus Deringer and Garrigues as legal advisors to the Consortium.お知らせ • Jun 18Castellana Properties Socimi, S.A., Annual General Meeting, Jul 17, 2024Castellana Properties Socimi, S.A., Annual General Meeting, Jul 17, 2024. Location: glorieta de ruben dario 3., madrid SpainReported Earnings • May 26Full year 2024 earnings released: EPS: €0.22 (vs €0.47 in FY 2023)Full year 2024 results: EPS: €0.22 (down from €0.47 in FY 2023). Revenue: €89.4m (up 7.9% from FY 2023). Net income: €22.4m (down 52% from FY 2023). Profit margin: 25% (down from 56% in FY 2023). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 22Upcoming dividend of €0.04 per share at 4.6% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Spanish dividend payers (5.8%). Lower than average of industry peers (5.3%).Reported Earnings • Nov 20First half 2024 earnings releasedFirst half 2024 results: Revenue: €35.3m (down 16% from 1H 2023). Net income: €16.2m (down 39% from 1H 2023). Profit margin: 46% (down from 63% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.New Risk • Nov 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.7% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (42% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).お知らせ • May 18Vukile Property Fund Limited acquired a 9.929078% stake in Castellana Properties Socimi, S.A. for €63.9 million.Vukile Property Fund Limited acquired a 9.929078% stake in Castellana Properties Socimi, S.A. for €63.9 million on May 16, 2023. Vukile Property Fund Limited completed the acquisition of a 9.929078% stake in Castellana Properties Socimi, S.A. on May 16, 2023.お知らせ • Jan 19Castellana Properties Socimi, S.A. announced that it has received €15 million in funding from Vukile Property Fund LimitedCastellana Properties Socimi, S.A. announced that it has raised €15 million in a round of funding by Vukile Property Fund Limited on January 18, 2023.Reported Earnings • Nov 24First half 2023 earnings released: EPS: €0.27 (vs €0.20 in 1H 2022)First half 2023 results: EPS: €0.27 (up from €0.20 in 1H 2022). Revenue: €31.2m (down 16% from 1H 2022). Net income: €26.4m (up 55% from 1H 2022). Profit margin: 85% (up from 46% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Non-Executive Proprietary Director LR Cohen was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Jun 14Upcoming dividend of €0.14 per shareEligible shareholders must have bought the stock before 21 June 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Spanish dividend payers (5.7%). Lower than average of industry peers (5.4%).Reported Earnings • Jun 05Full year 2022 earnings released: EPS: €0.53 (vs €0.37 loss in FY 2021)Full year 2022 results: EPS: €0.53 (up from €0.37 loss in FY 2021). Revenue: €72.6m (up 31% from FY 2021). Net income: €45.7m (up €77.5m from FY 2021). Profit margin: 63% (up from net loss in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Non-Executive Proprietary Director LR Cohen was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Jan 28Castellana Properties Socimi, S.A. (BME:YCPS) agreed to acquire 21.7% stake in Lar España Real Estate SOCIMI, S.A. (BME:LRE) from LVS II Lux XII S.à r.l. for €97.1 million.Castellana Properties Socimi, S.A. (BME:YCPS) agreed to acquire 21.7% stake in Lar España Real Estate SOCIMI, S.A. (BME:LRE) from LVS II Lux XII S.à r.l. for €97.1 million on January 27, 2022. Castellana will purchase 18.2 million Lar Espana shares at price of €5.35 per share. Castellana will fund the purchase out of €15 million of available cash and the balance through a shareholder loan of €75 million from Vukile, which will be capitalized before the end of the current financial year ending 31 March 2022 at a price equal to the NAV per share of Castellana. The closing date of the sale and purchase of the subject shares will be January 26, 2022. Vukile forecasts a positive impact on FFO per Vukile share for FY2022 as a result of the transaction and a material positive total return impact in the medium to long-term.お知らせ • Jun 23An unknown buyer acquired Two office buildings in Alcobendas (Madrid) and Bollullos de laMitación (Seville) from Castellana Properties Socimi, S.A. (BME:YCPS) €26.5 million.An unknown buyer acquired Two office buildings in Alcobendas (Madrid) and Bollullos de laMitación (Seville) from Castellana Properties Socimi, S.A. (BME:YCPS) for €26.5 million on June 21, 2021. An unknown buyer completed the acquisition of Two office buildings in Alcobendas (Madrid) and Bollullos de laMitación (Seville) from Castellana Properties Socimi, S.A. (BME:YCPS) on June 21, 2021.Reported Earnings • Jun 04Full year 2021 earnings released: €0.37 loss per share (vs €0.21 profit in FY 2020)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: €58.6m (down 27% from FY 2020). Net loss: €31.9m (down 286% from profit in FY 2020).分析記事 • Mar 15Reflecting on Castellana Properties Socimi's (BME:YCPS) Share Price Returns Over The Last YearInvestors can approximate the average market return by buying an index fund. But if you buy individual stocks, you can...Is New 90 Day High Low • Feb 23New 90-day high: €5.70The company is up 3.0% from its price of €5.55 on 24 November 2020. The Spanish market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Capital Markets industry, which is up 4.0% over the same period.分析記事 • Jan 20Does Castellana Properties Socimi, S.A. (BME:YCPS) Have A Place In Your Dividend Stock Portfolio?Could Castellana Properties Socimi, S.A. ( BME:YCPS ) be an attractive dividend share to own for the long haul...株主還元YCPSES Retail REITsES 市場7D-1.6%-0.3%1.7%1Y32.9%13.6%32.3%株主還元を見る業界別リターン: YCPS過去 1 年間で13.6 % の収益を上げたSpanish Retail REITs業界を上回りました。リターン対市場: YCPSは、過去 1 年間で32.3 % のリターンをもたらしたSpanishマーケットと一致しました。価格変動Is YCPS's price volatile compared to industry and market?YCPS volatilityYCPS Average Weekly Movement0.7%Retail REITs Industry Average Movement0.8%Market Average Movement3.2%10% most volatile stocks in ES Market6.4%10% least volatile stocks in ES Market0.7%安定した株価: YCPS 、 Spanish市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: YCPSの 週次ボラティリティ ( 1% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト201555Alfonso Brunetwww.castellanasocimi.es/en2016年12月20日現在、Castellana Properties Socimi, S.A.(BME:YCPS)はVukile Property Fund Limitedの子会社として運営されている。もっと見るCastellana Properties Socimi, S.A. 基礎のまとめCastellana Properties Socimi の収益と売上を時価総額と比較するとどうか。YCPS 基礎統計学時価総額€1.40b収益（TTM）€150.70m売上高(TTM)€173.95m9.3xPER（株価収益率8.0xP/SレシオYCPS は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計YCPS 損益計算書（TTM）収益€173.95m売上原価€0売上総利益€173.95mその他の費用€23.25m収益€150.70m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）1.03グロス・マージン100.00%純利益率86.64%有利子負債／自己資本比率47.6%YCPS の長期的なパフォーマンスは？過去の実績と比較を見る配当金9.0%現在の配当利回り70%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/07 10:51終値2026/08/07 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Castellana Properties Socimi, S.A. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
お知らせ • Jun 18Castellana Properties Socimi, S.A., Annual General Meeting, Jul 20, 2026Castellana Properties Socimi, S.A., Annual General Meeting, Jul 20, 2026. Location: paseo de la castellana 36-38, planta 8, madrid Spain
New Risk • Jun 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 158% Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Large one-off items impacting financial results. Shareholders have been diluted in the past year (15% increase in shares outstanding).
Board Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Apr 17Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Mar 19Castellana Properties Socimi, S.A. (BME:YCPS) signed a share purchase agreement to acquire 50% stake in Splau shopping center in Barcelona from Unibail-Rodamco-Westfield SE (ENXTPA:URW) for €89.2 million.Castellana Properties Socimi, S.A. (BME:YCPS) signed a share purchase agreement to acquire 50% stake in Splau shopping center in Barcelona from Unibail-Rodamco-Westfield SE (ENXTPA:URW) for €89.2 million on March 18, 2026. The purchase consideration payable for the Castellana’s share in the Property is €89.25 million (the “Purchase Consideration”), payable in cash on the Closing Date. The Purchase Consideration has been calculated based on the Agreed Asset Value, less a new mortgage loan of €171.5 million. The Transaction is based on a gross asset price assigned to 100% of the Property of €350 million.Castellana will fund the purchase consideration through its existing cash resources. The expected completion of the transaction is April 21, 2026 to April 30, 2026.
お知らせ • Feb 04Castellana Properties Socimi, S.A. (BME:YCPS) acquired Rpfi Activos Inmobiliarios Sl. from Barings Core Spain Socimi, S.A.U. (ENXTPA:MLBAR) for approximately €110 million.Castellana Properties Socimi, S.A. (BME:YCPS) acquired Rpfi Activos Inmobiliarios Sl. from Barings Core Spain Socimi, S.A.U. (ENXTPA:MLBAR) for approximately €110 million on January 30, 2026. The purchase consideration payable for the Acquisition Shares is €108 million payable in cash on the Closing Date. The Purchase Consideration may ultimately be adjusted based on the financial statements of the Acquisition Company as at the Closing Date. However, it is not expected that there will be a material adjustment to the Purchase Consideration. The SPA includes market-standard warranties, indemnities and undertakings for a transaction of this nature. The Acquisition will be funded by a combination of existing cash resources and in-country debt of €50 million, representing a loan-to-value ratio of c.46%. Additionally, Vukile provided financial assistance to Castellana Properties SOCIMI, through a shareholder loan amounting to €44 million. The completion of the Acquisition is not subject to any conditions precedent. Java Capital and NSX Sponsor acted as advisors in the transaction. Ismael Fernández Antón, Javier Hernández Galante and Tannia Rodríguez of Ashurst LLP, Spain acted as legal advisor for Castellana Properties Socimi, S.A. Jesús Varela, José Ramón and Paulino González-Fierro Amondaray of Vizcaíno Pérez-Llorca Abogados, S.L.P. acted as legal advisor for Barings Core Spain Socimi, S.A.U. Castellana Properties Socimi, S.A. (BME:YCPS) completed the acquisition of Rpfi Activos Inmobiliarios Sl. from Barings Core Spain Socimi, S.A.U. (ENXTPA:MLBAR) on January 30, 2026.
お知らせ • Jun 18Castellana Properties Socimi, S.A., Annual General Meeting, Jul 20, 2026Castellana Properties Socimi, S.A., Annual General Meeting, Jul 20, 2026. Location: paseo de la castellana 36-38, planta 8, madrid Spain
New Risk • Jun 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 158% Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Large one-off items impacting financial results. Shareholders have been diluted in the past year (15% increase in shares outstanding).
Board Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Apr 17Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Mar 19Castellana Properties Socimi, S.A. (BME:YCPS) signed a share purchase agreement to acquire 50% stake in Splau shopping center in Barcelona from Unibail-Rodamco-Westfield SE (ENXTPA:URW) for €89.2 million.Castellana Properties Socimi, S.A. (BME:YCPS) signed a share purchase agreement to acquire 50% stake in Splau shopping center in Barcelona from Unibail-Rodamco-Westfield SE (ENXTPA:URW) for €89.2 million on March 18, 2026. The purchase consideration payable for the Castellana’s share in the Property is €89.25 million (the “Purchase Consideration”), payable in cash on the Closing Date. The Purchase Consideration has been calculated based on the Agreed Asset Value, less a new mortgage loan of €171.5 million. The Transaction is based on a gross asset price assigned to 100% of the Property of €350 million.Castellana will fund the purchase consideration through its existing cash resources. The expected completion of the transaction is April 21, 2026 to April 30, 2026.
お知らせ • Feb 04Castellana Properties Socimi, S.A. (BME:YCPS) acquired Rpfi Activos Inmobiliarios Sl. from Barings Core Spain Socimi, S.A.U. (ENXTPA:MLBAR) for approximately €110 million.Castellana Properties Socimi, S.A. (BME:YCPS) acquired Rpfi Activos Inmobiliarios Sl. from Barings Core Spain Socimi, S.A.U. (ENXTPA:MLBAR) for approximately €110 million on January 30, 2026. The purchase consideration payable for the Acquisition Shares is €108 million payable in cash on the Closing Date. The Purchase Consideration may ultimately be adjusted based on the financial statements of the Acquisition Company as at the Closing Date. However, it is not expected that there will be a material adjustment to the Purchase Consideration. The SPA includes market-standard warranties, indemnities and undertakings for a transaction of this nature. The Acquisition will be funded by a combination of existing cash resources and in-country debt of €50 million, representing a loan-to-value ratio of c.46%. Additionally, Vukile provided financial assistance to Castellana Properties SOCIMI, through a shareholder loan amounting to €44 million. The completion of the Acquisition is not subject to any conditions precedent. Java Capital and NSX Sponsor acted as advisors in the transaction. Ismael Fernández Antón, Javier Hernández Galante and Tannia Rodríguez of Ashurst LLP, Spain acted as legal advisor for Castellana Properties Socimi, S.A. Jesús Varela, José Ramón and Paulino González-Fierro Amondaray of Vizcaíno Pérez-Llorca Abogados, S.L.P. acted as legal advisor for Barings Core Spain Socimi, S.A.U. Castellana Properties Socimi, S.A. (BME:YCPS) completed the acquisition of Rpfi Activos Inmobiliarios Sl. from Barings Core Spain Socimi, S.A.U. (ENXTPA:MLBAR) on January 30, 2026.
お知らせ • Jan 30Ares Real Estate Fund and Ares Management Corporation (NYSE:ARES) reached an agreement to acquire Portfolio of retail parks in Spain from Castellana Properties Socimi, S.A. (BME:YCPS) for approximately €280 million.Ares Real Estate Fund and Ares Management Corporation (NYSE:ARES) reached an agreement to acquire Portfolio of retail parks in Spain from Castellana Properties Socimi, S.A. (BME:YCPS) for approximately €280 million on January 28, 2026. A consideration of €279 million will be paid by Ares Real Estate Fund and Ares Management Corporation. As part of consideration, €279 million is paid towards assets of Portfolio of retail parks in Spain. The expected completion of the transaction is April 1, 2026. Javier Hernández Galante, Ismael Fernández Antón, and Pedro Ester of Ashurst LLP, Spain acted as e legal advisor to Castellana. Linklaters LLP (USA) acted as a legal advisor, Ernst & Young Capital Advisors, LLC acted as a financial advisor and Deloitte Tax LLP acts as a tax advisor to Ares Management.
Board Change • Jan 07Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Dec 01Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Nov 05Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Aug 13Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Jul 29Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Jun 14Full year 2025 earnings releasedFull year 2025 results: Revenue: €82.9m (down 7.3% from FY 2024). Net income: €90.8m (up 305% from FY 2024).
お知らせ • Jun 13Castellana Properties Socimi, S.A., Annual General Meeting, Jul 16, 2025Castellana Properties Socimi, S.A., Annual General Meeting, Jul 16, 2025. Location: glorieta de ruben dario 3., madrid Spain
Board Change • Jun 12Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
New Risk • Jun 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (26% increase in shares outstanding).
Board Change • May 09Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
New Risk • Apr 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (26% increase in shares outstanding).
Board Change • Apr 04Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Mar 12Castellana Properties Socimi, S.A. (BME:YCPS) concluded an agreement to acquire Bonaire Shopping Centre from Unibail-Rodamco Retail Spain Sl., Unibail Rodamco Spain S.A. and Unibail Rodamco Spain S.L.U for approximately €310 million.Castellana Properties Socimi, S.A. (BME:YCPS) concluded an agreement to acquire Bonaire Shopping Centre from Unibail-Rodamco Retail Spain Sl., Unibail Rodamco Spain S.A. and Unibail Rodamco Spain S.L.U for approximately €310 million on March 11, 2025. A cash consideration of €305 million will be paid by Castellana Properties Socimi, S.A. As part of consideration, €305 million is paid towards assets of Bonaire Shopping Centre. The transaction will be financed through in-country debt of of €126 million and part of the proceeds of Castellana’s disposal of its shareholding in Lar España, which proceeds were received in December 2024. The expected completion of the transaction is March 13, 2025.
Board Change • Feb 25Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Feb 07Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
分析記事 • Nov 27Not Many Are Piling Into Castellana Properties Socimi, S.A. (BME:YCPS) Just YetWith a median price-to-earnings (or "P/E") ratio of close to 19x in Spain, you could be forgiven for feeling...
New Risk • Nov 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (127% payout ratio). Shareholders have been diluted in the past year (14% increase in shares outstanding).
Upcoming Dividend • Nov 26Upcoming dividend of €0.07 per shareEligible shareholders must have bought the stock before 03 December 2024. Payment date: 05 December 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.4%. Lower than top quartile of Spanish dividend payers (5.5%). Higher than average of industry peers (2.7%).
お知らせ • Oct 02Castellana Properties Socimi, S.A. (BME:YCPS) completed the acquisition of shopping centre portfolio acquisition in Portugal from Suitable World, Unipessoal, Lda.Castellana Properties Socimi, S.A. (BME:YCPS) entered into a share purchase agreement to acquire shopping centre portfolio acquisition in Portugal from Suitable World, Unipessoal, Lda for €176.5 million on September 9, 2024. Castellana is entitled to assign its rights under the SPA to a nominee. Castellana will nominate a newly incorporated subsidiary (‘Newco’) as the purchaser. 80% of the shares in Newco will be held by Castellana and 20% of the shares in Newco will be held by RMB Investments and Advisory Proprietary Limited. RMBIA is a company incorporated in the Republic of South Africa within the FirstRand Limited Group. Newco will refinance an existing in-country asset-backed debt package of €72.5 million with existing lenders. The remaining €104 million of the purchase consideration will be funded by a subscription for shares in Newco, of which 80% will be subscribed for by Castellana, using existing cash resources of the Vukile group and 20% will be subscribed for by RMBIA. The Transaction is conditional on the approval by the Lenders of the re-finance of the existing in-country asset- backed debt package, including a change of control of the companies and the release of the Seller from any liabilities relating thereto. Castellana has received binding term sheets from the Lenders in this regard and the funding is only subject to the finalisation of legal agreements. The transaction remains subject to the usual conditions precedent and is expected to close on October 1, 2024. Castellana Properties Socimi, S.A. (BME:YCPS) completed the acquisition of shopping centre portfolio acquisition in Portugal from Suitable World, Unipessoal, Lda on October 1, 2024.
お知らせ • Sep 10Castellana Properties Socimi, S.A. (BME:YCPS)concluded a share purchase agreement to acquire shopping centre portfolio acquisition in Portugal from Suitable World, Unipessoal, Lda for €176.5 million.Castellana Properties Socimi, S.A. (BME:YCPS)concluded a share purchase agreement to acquire shopping centre portfolio acquisition in Portugal from Suitable World, Unipessoal, Lda for €176.5 million on September 9, 2024. Castellana is entitled to assign its rights under the SPA to a nominee. Castellana will nominate a newly incorporated subsidiary (‘Newco’) as the purchaser. 80% of the shares in Newco will be held by Castellana and 20% of the shares in Newco will be held by RMB Investments and Advisory Proprietary Limited. RMBIA is a company incorporated in the Republic of South Africa within the FirstRand Limited Group. Newco will refinance an existing in-country asset-backed debt package of €72.5 million with existing lenders. The remaining €104 million of the purchase consideration will be funded by a subscription for shares in Newco, of which 80% will be subscribed for by Castellana, using existing cash resources of the Vukile group and 20% will be subscribed for by RMBIA. The Transaction is conditional on the approval by the Lenders of the re-finance of the existing in-country asset- backed debt package, including a change of control of the companies and the release of the Seller from any liabilities relating thereto. Castellana has received binding term sheets from the Lenders in this regard and the funding is only subject to the finalisation of legal agreements. The transaction remains subject to the usual conditions precedent and is expected to close on 1 October 2024.
お知らせ • Jul 13The consortium formed by the Real Estate fund Hines European Real Estate Partners III a fund managed by Hines Interests Limited Partnership and Grupo Lar Inversiones Inmobiliarias, S.A., announce a Voluntary Cash Tender Offer to acquire an remaining 89.85% stake in Lar España Real Estate SOCIMI, S.A. (BME:LRE) for approximately €610 million.The consortium formed by the Real Estate fund Hines European Real Estate Partners III a fund managed by Hines Interests Limited Partnership and Grupo Lar Inversiones Inmobiliarias, S.A., announce a Voluntary Cash Tender Offer to acquire an remaining 89.85% stake in Lar España Real Estate SOCIMI, S.A. (BME:LRE) for approximately €610 million on July 12, 2024. The consideration offered to Lar España’s shareholders consists of €8.10 per share, paid in cash, which implies valuing Lar España’s share capital at approximately €678 million. The Offer price implies a premium of 16% over the closing share price on the day before the Announcement, 17% premium over last 1-month VWAP and 25% premium over last 6-month VWAP adjusted by dividend. The Offer is addressed to effectively 89.85% of the ordinary shares of Lar España, excluding the shares owned by Grupo Lar and Miguel Pereda Espeso (shareholder and Executive Chairman of Grupo Lar), which will contribute their shares to the Offeror after settlement. The Offer is conditional on reaching a minimum level of acceptance that allows the Offeror to gain control, assets perimeter remaining unchanged and no material changes in the net debt/cash position taking the latest publicly available quarterly report as of Q1- 2024. The Consortium will fund the Offer with a combination of equity and external debt financing fully underwritten by reputable banks. The intention of the parties is to further optimize the capital structure of Lar España and to increase leverage to c.60% LTV. Morgan Stanley and AZ Capital are acting as financial advisors and Freshfields Bruckhaus Deringer and Garrigues as legal advisors to the Consortium.
お知らせ • Jun 18Castellana Properties Socimi, S.A., Annual General Meeting, Jul 17, 2024Castellana Properties Socimi, S.A., Annual General Meeting, Jul 17, 2024. Location: glorieta de ruben dario 3., madrid Spain
Reported Earnings • May 26Full year 2024 earnings released: EPS: €0.22 (vs €0.47 in FY 2023)Full year 2024 results: EPS: €0.22 (down from €0.47 in FY 2023). Revenue: €89.4m (up 7.9% from FY 2023). Net income: €22.4m (down 52% from FY 2023). Profit margin: 25% (down from 56% in FY 2023). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 22Upcoming dividend of €0.04 per share at 4.6% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Spanish dividend payers (5.8%). Lower than average of industry peers (5.3%).
Reported Earnings • Nov 20First half 2024 earnings releasedFirst half 2024 results: Revenue: €35.3m (down 16% from 1H 2023). Net income: €16.2m (down 39% from 1H 2023). Profit margin: 46% (down from 63% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
New Risk • Nov 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.7% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (42% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).
お知らせ • May 18Vukile Property Fund Limited acquired a 9.929078% stake in Castellana Properties Socimi, S.A. for €63.9 million.Vukile Property Fund Limited acquired a 9.929078% stake in Castellana Properties Socimi, S.A. for €63.9 million on May 16, 2023. Vukile Property Fund Limited completed the acquisition of a 9.929078% stake in Castellana Properties Socimi, S.A. on May 16, 2023.
お知らせ • Jan 19Castellana Properties Socimi, S.A. announced that it has received €15 million in funding from Vukile Property Fund LimitedCastellana Properties Socimi, S.A. announced that it has raised €15 million in a round of funding by Vukile Property Fund Limited on January 18, 2023.
Reported Earnings • Nov 24First half 2023 earnings released: EPS: €0.27 (vs €0.20 in 1H 2022)First half 2023 results: EPS: €0.27 (up from €0.20 in 1H 2022). Revenue: €31.2m (down 16% from 1H 2022). Net income: €26.4m (up 55% from 1H 2022). Profit margin: 85% (up from 46% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Non-Executive Proprietary Director LR Cohen was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Jun 14Upcoming dividend of €0.14 per shareEligible shareholders must have bought the stock before 21 June 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Spanish dividend payers (5.7%). Lower than average of industry peers (5.4%).
Reported Earnings • Jun 05Full year 2022 earnings released: EPS: €0.53 (vs €0.37 loss in FY 2021)Full year 2022 results: EPS: €0.53 (up from €0.37 loss in FY 2021). Revenue: €72.6m (up 31% from FY 2021). Net income: €45.7m (up €77.5m from FY 2021). Profit margin: 63% (up from net loss in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Non-Executive Proprietary Director LR Cohen was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Jan 28Castellana Properties Socimi, S.A. (BME:YCPS) agreed to acquire 21.7% stake in Lar España Real Estate SOCIMI, S.A. (BME:LRE) from LVS II Lux XII S.à r.l. for €97.1 million.Castellana Properties Socimi, S.A. (BME:YCPS) agreed to acquire 21.7% stake in Lar España Real Estate SOCIMI, S.A. (BME:LRE) from LVS II Lux XII S.à r.l. for €97.1 million on January 27, 2022. Castellana will purchase 18.2 million Lar Espana shares at price of €5.35 per share. Castellana will fund the purchase out of €15 million of available cash and the balance through a shareholder loan of €75 million from Vukile, which will be capitalized before the end of the current financial year ending 31 March 2022 at a price equal to the NAV per share of Castellana. The closing date of the sale and purchase of the subject shares will be January 26, 2022. Vukile forecasts a positive impact on FFO per Vukile share for FY2022 as a result of the transaction and a material positive total return impact in the medium to long-term.
お知らせ • Jun 23An unknown buyer acquired Two office buildings in Alcobendas (Madrid) and Bollullos de laMitación (Seville) from Castellana Properties Socimi, S.A. (BME:YCPS) €26.5 million.An unknown buyer acquired Two office buildings in Alcobendas (Madrid) and Bollullos de laMitación (Seville) from Castellana Properties Socimi, S.A. (BME:YCPS) for €26.5 million on June 21, 2021. An unknown buyer completed the acquisition of Two office buildings in Alcobendas (Madrid) and Bollullos de laMitación (Seville) from Castellana Properties Socimi, S.A. (BME:YCPS) on June 21, 2021.
Reported Earnings • Jun 04Full year 2021 earnings released: €0.37 loss per share (vs €0.21 profit in FY 2020)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: €58.6m (down 27% from FY 2020). Net loss: €31.9m (down 286% from profit in FY 2020).
分析記事 • Mar 15Reflecting on Castellana Properties Socimi's (BME:YCPS) Share Price Returns Over The Last YearInvestors can approximate the average market return by buying an index fund. But if you buy individual stocks, you can...
Is New 90 Day High Low • Feb 23New 90-day high: €5.70The company is up 3.0% from its price of €5.55 on 24 November 2020. The Spanish market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Capital Markets industry, which is up 4.0% over the same period.
分析記事 • Jan 20Does Castellana Properties Socimi, S.A. (BME:YCPS) Have A Place In Your Dividend Stock Portfolio?Could Castellana Properties Socimi, S.A. ( BME:YCPS ) be an attractive dividend share to own for the long haul...
