COLE Stock Overview

Colonial is a Spanish listed REIT company (SOCIMI), leader in the European Prime office market with presence in the main business areas of Barcelona, Madrid, and Paris with a prime office portfolio of more than 1 million sqm of GLA and assets under management with a value of more than €11bn. More details

COLE fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	0/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 6.6% below our estimate of its fair value

Earnings are forecast to grow 51.91% per year

Risk Analysis

Debt is not well covered by operating cash flow

Shares are highly illiquid

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

Inmobiliaria Colonial, SOCIMI, S.A. Competitors

Derwent London

LSE:DLN

UK£2.2b

Great Portland Estates

LSE:GPE

UK£1.2b

Workspace Group

LSE:WKP

UK£941.2m

Globalworth Real Estate Investments

AIM:GWI

€744.0m

Price History & Performance

Summary of share price highs, lows and changes for Inmobiliaria Colonial SOCIMI
Historical stock prices
Current Share Price	€5.20
52 Week High	€6.51
52 Week Low	€4.97
Beta	1.35
1 Month Change	-5.20%
3 Month Change	-16.13%
1 Year Change	n/a
3 Year Change	-35.72%
5 Year Change	-55.02%
Change since IPO	-64.91%

Recent updates

Shareholder Returns

	COLE	GB Office REITs	GB Market
7D	0%	-0.2%	0.2%
1Y	n/a	-22.6%	2.3%

Return vs Industry: Insufficient data to determine how COLE performed against the UK Office REITs industry.

Return vs Market: Insufficient data to determine how COLE performed against the UK Market.

Price Volatility

Is COLE's price volatile compared to industry and market?
COLE volatility
COLE Average Weekly Movement	n/a
Office REITs Industry Average Movement	3.5%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.4%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: COLE's share price has been volatile over the past 3 months compared to the UK market.

Volatility Over Time: Insufficient data to determine COLE's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	241	Pere Vinolas Serra	www.inmocolonial.com

Inmobiliaria Colonial, SOCIMI, S.A. Fundamentals Summary

How do Inmobiliaria Colonial SOCIMI's earnings and revenue compare to its market cap?
COLE fundamental statistics
Market cap	€3.20b
Earnings (TTM)	-€564.07m
Revenue (TTM)	€413.78m

7.7x

P/S Ratio

-5.7x

P/E Ratio

Is COLE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
COLE income statement (TTM)
Revenue	€413.78m
Cost of Revenue	-€400.00k
Gross Profit	€414.18m
Other Expenses	€978.26m
Earnings	-€564.07m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.91
Gross Margin	100.10%
Net Profit Margin	-136.32%
Debt/Equity Ratio	89.1%

How did COLE perform over the long term?

See historical performance and comparison

Dividends

5.2%

Current Dividend Yield

83%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 09:28
End of Day Share Price	2024/12/10 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Inmobiliaria Colonial, SOCIMI, S.A. is covered by 33 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alda Kule Dale	AlphaValue
Filipe Leite	Banco BPI, S.A.
Ignacio Romero	Banco de Sabadell. S.A.

COLE Stock Overview

Rewards

Risk Analysis

Inmobiliaria Colonial, SOCIMI, S.A. Competitors

LSE:DLN

UK£2.2b

LSE:GPE

UK£1.2b

LSE:WKP

UK£941.2m

AIM:GWI

€744.0m

Price History & Performance

Recent News & Updates

Inmobiliaria Colonial, SOCIMI, S.A. to Report Q3, 2024 Results on Nov 14, 2024

Inmobiliaria Colonial, SOCIMI, S.A. to Report Q2, 2024 Results on Jul 30, 2024

Inmobiliaria Colonial, SOCIMI, S.A., Annual General Meeting, Jun 12, 2024

Inmobiliaria Colonial, SOCIMI, S.A. to Report Fiscal Year 2023 Results on Feb 29, 2024

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Inmobiliaria Colonial, SOCIMI, S.A. to Report Q3, 2024 Results on Nov 14, 2024

Inmobiliaria Colonial, SOCIMI, S.A. to Report Q2, 2024 Results on Jul 30, 2024

Inmobiliaria Colonial, SOCIMI, S.A., Annual General Meeting, Jun 12, 2024

Inmobiliaria Colonial, SOCIMI, S.A. to Report Fiscal Year 2023 Results on Feb 29, 2024

Less than half of directors are independent

Less than half of directors are independent

Inmobiliaria Colonial, SOCIMI, S.A. to Report Q3, 2023 Results on Nov 09, 2023

Inmobiliaria Colonial, SOCIMI, S.A.(BME:COL) dropped from FTSE All-World Index (USD)

Second quarter 2023 earnings released: €0.71 loss per share (vs €0.63 profit in 2Q 2022)

Less than half of directors are independent

Inmo Criteria Caixa, S.A.U. acquired OFFICE BUILDING IN ALCOBENDAS from Inmobiliaria Colonial, SOCIMI, S.A. (BME:COL).

Inmobiliaria Colonial, SOCIMI, S.A. to Report First Half, 2023 Results on Jul 27, 2023

Upcoming dividend of €0.21 per share at 3.5% yield

Insufficient new directors

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: €0.63 (vs €0.28 in 2Q 2021)

Inmobiliaria Colonial, SOCIMI, S.A. to Report Q2, 2022 Results on Jul 28, 2022

Less than half of directors are independent

Upcoming dividend of €0.23 per share

Less than half of directors are independent

l’Université Catholique de Lille acquired Three non-core assets in the cities of Paris and Madrid from Inmobiliaria Colonial, SOCIMI, S.A. (BME:COL) for approximately €60 million.

Less than half of directors are independent

Inmobiliaria Colonial, SOCIMI, S.A., Annual General Meeting, Jun 20, 2022

Inmobiliaria Colonial, SOCIMI, S.A. to Report Q1, 2022 Results on May 17, 2022

Less than half of directors are independent

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Inmobiliaria Colonial, SOCIMI, S.A. to Report Fiscal Year 2021 Results on Feb 28, 2022

Less than half of directors are independent

Less than half of directors are independent

Sadena Real Estate, S.L.U. acquired Office Building Located in Sant Cugat del Vallès, Barcelona from Inmobiliaria Colonial, SOCIMI, S.A. (BME:COL) for €27.2 million.

Inmobiliaria Colonial, SOCIMI, S.A. (BME:COL) completed the acquisition of a 3.9% minority stake in Société Foncière Lyonnaise SA (ENXTPA:FLY) for approximately €170 million.

Inmobiliaria Colonial, SOCIMI, S.A. (BME:COL) announces an Equity Buyback for 5,000,000 shares, for €50 million.

Upcoming dividend of €0.22 per share

Inmobiliaria Colonial, SOCIMI, S.A. announced that it expects to receive €87 million in funding

First quarter 2021 earnings released: EPS €0.042 (vs €0.063 in 1Q 2020)

Full year 2020 earnings released: EPS €0.005 (vs €1.63 in FY 2019)

Revenue misses expectations

An unknown buyer acquired Avenida de Bruselas 38 in Madrid from Inmobiliaria Colonial, SOCIMI, S.A. (BME:COL).

New 90-day low: €7.77

European Fund of Prologis, Inc. (NYSE:PLD) acquired 473,000 Square Meters of Logistics Portfolio in Spain from Inmobiliaria Colonial, SOCIMI, S.A. (BME:COL).

Inmobiliaria Colonial, SOCIMI, S.A. to Report Q3, 2020 Results on Nov 12, 2020

Curzon Capital Partners 5 Long-Life LP managed by Tristan Capital Partners Holdings Ltd acquired Two Office Buildings In Barcelona from Inmobiliaria Colonial, SOCIMI, S.A. (BME:COL).

Inmobiliaria Colonial, SOCIMI, S.A. to Report Q2, 2020 Results on Jul 29, 2020

Shareholder Returns

Price Volatility

About the Company

Inmobiliaria Colonial, SOCIMI, S.A. Fundamentals Summary

7.7x

-5.7x

Earnings & Revenue

Dividends

5.2%

83%

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake