TRESTATES Stock Overview

Engages in the rental business of commercial real estate assets in Greece, Cyprus, and Bulgaria. More details

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

Rewards

Trading at 43.5% below our estimate of its fair value

Revenue is forecast to grow 12.39% per year

Earnings grew by 53.2% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

Trade Estates REIC Competitors

Intercontinental International Real Estate Investment

ATSE:INTERCO

€25.8m

Trastor Real Estate Investment Company

ATSE:TRASTOR

€163.0m

Noval Property Real Estate Investment

ATSE:NOVAL

€288.9m

Orilina Properties REIC

ATSE:ORILINA

€122.8m

Price History & Performance

Summary of share price highs, lows and changes for Trade Estates REIC
Historical stock prices
Current Share Price	€1.64
52 Week High	€1.80
52 Week Low	€1.55
Beta	0
1 Month Change	0.99%
3 Month Change	0.99%
1 Year Change	-7.55%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-11.09%

Recent updates

Shareholder Returns

	TRESTATES	GR Retail REITs	GR Market
7D	-1.4%	-1.8%	-0.7%
1Y	-7.5%	2.5%	10.7%

Return vs Industry: TRESTATES underperformed the Greek Retail REITs industry which returned 2.6% over the past year.

Return vs Market: TRESTATES underperformed the Greek Market which returned 10.7% over the past year.

Price Volatility

Is TRESTATES's price volatile compared to industry and market?
TRESTATES volatility
TRESTATES Average Weekly Movement	1.8%
Retail REITs Industry Average Movement	2.3%
Market Average Movement	3.5%
10% most volatile stocks in GR Market	5.8%
10% least volatile stocks in GR Market	2.1%

Stable Share Price: TRESTATES has not had significant price volatility in the past 3 months compared to the Greek market.

Volatility Over Time: TRESTATES's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2021	30	Dimitrios Papoulis	trade-estates.com

Trade Estates REIC engages in the rental business of commercial real estate assets in Greece, Cyprus, and Bulgaria. It focuses on the acquisition and development of retail parks and logistics centers. Trade Estates REIC was founded in 2021 and is based in Athens, Greece.

Trade Estates REIC Fundamentals Summary

How do Trade Estates REIC's earnings and revenue compare to its market cap?
TRESTATES fundamental statistics
Market cap	€197.19m
Earnings (TTM)	€37.28m
Revenue (TTM)	€34.70m

5.3x

P/E Ratio

5.7x

P/S Ratio

Is TRESTATES overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRESTATES income statement (TTM)
Revenue	€34.70m
Cost of Revenue	€6.59m
Gross Profit	€28.11m
Other Expenses	-€9.17m
Earnings	€37.28m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.31
Gross Margin	81.00%
Net Profit Margin	107.44%
Debt/Equity Ratio	73.7%

How did TRESTATES perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

97%

Payout Ratio

Does TRESTATES pay a reliable dividends?

See TRESTATES dividend history and benchmarks

When do you need to buy TRESTATES by to receive an upcoming dividend?
Trade Estates REIC dividend dates
Ex Dividend Date	Dec 16 2024
Dividend Pay Date	Dec 23 2024
Days until Ex dividend	6 days
Days until Dividend pay date	1 day

Does TRESTATES pay a reliable dividends?

See TRESTATES dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 07:57
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
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

Trade Estates REIC is covered by 1 analysts. 1 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
Jakub Caithaml	Wood & Company