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). New Risk • Apr 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Minor Risks Profit margins are more than 30% lower than last year (87% net profit margin). Revenue is less than US$5m (€3.7m revenue, or US$4.3m). Market cap is less than US$100m (€23.1m market cap, or US$27.0m). Board Change • Mar 31
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. 5 experienced directors. No highly experienced directors. No independent directors (5 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 • Mar 02
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. 5 experienced directors. No highly experienced directors. No independent directors (5 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 • Jan 29
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. 5 experienced directors. No highly experienced directors. No independent directors (5 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 • Dec 31
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. 5 experienced directors. No highly experienced directors. No independent directors (5 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 • Sep 03
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. 4 experienced directors. No highly experienced directors. No independent directors (4 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 • Aug 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (120% cash payout ratio). Share price has been volatile over the past 3 months (4.2% average weekly change). Profit margins are more than 30% lower than last year (87% net profit margin). Revenue is less than US$5m (€3.7m revenue, or US$4.3m). Market cap is less than US$100m (€23.1m market cap, or US$27.0m). Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.06, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 28x in the REITs industry in Spain. Total returns to shareholders of 27% over the past three years. Board Change • Aug 04
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. 4 experienced directors. No highly experienced directors. No independent directors (4 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 • Jun 17
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. 4 experienced directors. No highly experienced directors. No independent directors (4 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. Announcement • Jun 14
Mistral Iberia Real Estate SOCIMI, S.A. announces Annual dividend, payable on June 20, 2025 Mistral Iberia Real Estate SOCIMI, S.A. announced Annual dividend of EUR 0.1067 per share payable on June 20, 2025, ex-date on June 18, 2025 and record date on June 19, 2025. Announcement • Apr 30
Mistral Iberia Real Estate SOCIMI, S.A., Annual General Meeting, Jun 05, 2025 Mistral Iberia Real Estate SOCIMI, S.A., Annual General Meeting, Jun 05, 2025. Location: calle serrano 45, piso 2, madrid Spain Reported Earnings • Nov 04
First half 2024 earnings released First half 2024 results: Net loss: €370.5k (down 133% from profit in 1H 2023). Announcement • May 12
Mistral Iberia Real Estate SOCIMI, S.A., Annual General Meeting, Jun 10, 2024 Mistral Iberia Real Estate SOCIMI, S.A., Annual General Meeting, Jun 10, 2024. Location: calle serrano 45, planta 2, madrid Spain Reported Earnings • May 05
Full year 2023 earnings released Full year 2023 results: Net income: €1.56m (up €1.84m from FY 2022). New Risk • Apr 28
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Revenue is less than US$1m (€447k revenue, or US$478k). Minor Risk Market cap is less than US$100m (€23.8m market cap, or US$25.4m). New Risk • Nov 15
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 Earnings have declined by 7.4% per year over the past 5 years. Revenue is less than US$1m (€447k revenue, or US$486k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (€22.9m market cap, or US$24.9m). 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. 5 experienced directors. No highly experienced directors. No independent directors (5 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. 5 experienced directors. No highly experienced directors. No independent directors (5 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. 
