공고 • Feb 17
Gop Properties Socimi, S.A., Annual General Meeting, Mar 19, 2026 Gop Properties Socimi, S.A., Annual General Meeting, Mar 19, 2026. Location: avenida del ensanche de vallecas 44., madrid Spain Reported Earnings • Feb 11
Full year 2025 earnings released: EPS: €1.71 (vs €1.25 in FY 2024) Full year 2025 results: EPS: €1.71 (up from €1.25 in FY 2024). Revenue: €13.0m (up 5.4% from FY 2024). Net income: €10.2m (up 38% from FY 2024). Profit margin: 79% (up from 60% in FY 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Aug 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. New Risk • Feb 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 44% 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 Interest payments are not well covered by earnings (2.8x net interest cover). 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. Reported Earnings • Feb 12
Full year 2024 earnings released: EPS: €1.25 (vs €0.71 in FY 2023) Full year 2024 results: EPS: €1.25 (up from €0.71 in FY 2023). Revenue: €12.4m (up 12% from FY 2023). Net income: €7.42m (up 76% from FY 2023). Profit margin: 60% (up from 38% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. 공고 • Feb 11
Gop Properties Socimi, S.A., Annual General Meeting, Mar 20, 2025 Gop Properties Socimi, S.A., Annual General Meeting, Mar 20, 2025. Location: avenida del ensanche de vallecas 44, madrid Spain New Risk • Dec 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €96.5m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.6% operating cash flow to total debt). Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (40% net profit margin). Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Market cap is less than US$100m (€96.5m market cap, or US$99.9m). New Risk • Nov 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €94.0m (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.6% operating cash flow to total debt). Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (40% net profit margin). Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Market cap is less than US$100m (€94.0m market cap, or US$99.3m). New Risk • Oct 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.2% 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 Risks Debt is not well covered by operating cash flow (7.6% operating cash flow to total debt). Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (40% net profit margin). Shareholders have been diluted in the past year (5.2% increase in shares outstanding). Reported Earnings • Oct 11
First half 2024 earnings released: EPS: €0.55 (vs €0.51 in 1H 2023) First half 2024 results: EPS: €0.55 (up from €0.51 in 1H 2023). Revenue: €5.56m (up 4.5% from 1H 2023). Net income: €3.30m (up 9.6% from 1H 2023). Profit margin: 59% (up from 57% in 1H 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Aug 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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 Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 15% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (38% net profit margin). Upcoming Dividend • Jun 24
Upcoming dividend of €0.25 per share Eligible shareholders must have bought the stock before 01 July 2024. Payment date: 15 July 2024. Trailing yield: 4.9%. Lower than top quartile of Spanish dividend payers (5.6%). Higher than average of industry peers (3.8%). New Risk • Feb 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 34% Last year net profit margin: 76% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 15% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (102% cash payout ratio). Profit margins are more than 30% lower than last year (34% net profit margin). Market cap is less than US$100m (€90.1m market cap, or US$97.0m). Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: €0.71 (vs €1.28 in FY 2022) Full year 2023 results: EPS: €0.71 (down from €1.28 in FY 2022). Revenue: €12.3m (up 24% from FY 2022). Net income: €4.21m (down 44% from FY 2022). Profit margin: 34% (down from 76% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Aug 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 (6.7% operating cash flow to total debt). Earnings have declined by 21% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (€89.4m market cap, or US$98.4m). Upcoming Dividend • Jun 26
Upcoming dividend of €0.23 per share at 1.5% yield Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 14 July 2023. Trailing yield: 1.5%. Lower than top quartile of Spanish dividend payers (6.0%). Lower than average of industry peers (3.7%). Upcoming Dividend • Dec 26
Upcoming dividend of €0.18 per share Eligible shareholders must have bought the stock before 02 January 2023. Payment date: 13 January 2023. Trailing yield: 0.9%. Lower than top quartile of Spanish dividend payers (6.0%). Lower than average of industry peers (3.6%). Board Change • Nov 16
No independent directors No 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. No independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No 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. No independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 28
Inaugural dividend of €0.20 per share Eligible shareholders must have bought the stock before 03 January 2022. Payment date: 14 January 2022. This is the first dividend for Grupo Ortiz Properties SOCIMI since going public. The average dividend yield among industry peers is 3.0%. Is New 90 Day High Low • Mar 11
New 90-day high: €15.80 The company is up 2.0% from its price of €15.50 on 11 December 2020. The Spanish market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: €15.40 The company is down 2.0% from its price of €15.70 on 07 October 2020. The Spanish market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 5.0% over the same period. Upcoming Dividend • Dec 28
First Dividend Is €0.13 Per Share Will be paid on the 15th of January to those who are registered shareholders by the 4th of January. This is the first dividend for Grupo Ortiz Properties SOCIMI since going public. The average dividend yield among industry peers is 5.0%. Is New 90 Day High Low • Nov 27
New 90-day low: €15.50 The company is down 4.0% from its price of €16.10 on 28 August 2020. The Spanish market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 4.0% over the same period.