Announcement • May 25
Mistral Iberia Real Estate SOCIMI, S.A., Annual General Meeting, Jun 24, 2026 Mistral Iberia Real Estate SOCIMI, S.A., Annual General Meeting, Jun 24, 2026. Location: calle de serrano 45, piso 2, madrid., Spain Board Change • May 20
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. 7 experienced directors. No highly experienced directors. No independent directors (7 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. New Risk • May 05
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 346% Cash payout ratio: 346% Dividend yield: 13% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 346% Cash payout ratio: 346% Minor Risks Profit margins are more than 30% lower than last year (51% net profit margin). Revenue is less than US$5m (€1.7m revenue, or US$2.0m). Market cap is less than US$100m (€22.9m market cap, or US$26.8m). 
