New Risk • Nov 17
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 Risks Interest payments are not well covered by earnings (2.2x net interest cover). Earnings have declined by 42% per year over the past 5 years. Market cap is less than US$10m (€4.96m market cap, or US$5.76m). 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. Board Change • Nov 06
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). Representative Director Berta Barrio Gonzalez was the last director to join the board, commencing their role in 2024. 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 11
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. 8 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 • Aug 12
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. 8 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. New Risk • Jul 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €4.22m (US$4.95m) This is considered a major 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 Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 42% per year over the past 5 years. Market cap is less than US$10m (€4.22m market cap, or US$4.95m). Minor Risk Dividend is not well covered by cash flows (348% cash payout ratio). Buy Or Sell Opportunity • May 05
Now 32% undervalued after recent price drop Over the last 90 days, the stock has fallen 48% to €2.36. The fair value is estimated to be €3.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% over the last 3 years. Earnings per share has declined by 76%. Duyuru • Apr 30
Trajano Iberia Socimi, S.A., Annual General Meeting, May 29, 2025 Trajano Iberia Socimi, S.A., Annual General Meeting, May 29, 2025. Location: paseo de recoletos 27, planta 7., madrid Spain Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.72, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 33x in the REITs industry in Spain. Total returns to shareholders of 26% over the past three years. New Risk • Mar 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Spanish stocks, typically moving 3.5% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (3.5% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 32% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€70.8m market cap, or US$77.3m). Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to €3.12, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 36x in the REITs industry in Spain. Total returns to shareholders of 7.2% over the past three years. Board Change • Jan 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. 8 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 • Jan 08
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. 8 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 • Dec 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. 8 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. Reported Earnings • Nov 12
First half 2024 earnings released: EPS: €0.12 (vs €0.13 in 1H 2023) First half 2024 results: EPS: €0.12 (down from €0.13 in 1H 2023). Revenue: €8.99m (up 2.2% from 1H 2023). Net income: €1.75m (down 2.6% from 1H 2023). Profit margin: 20% (in line with 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. New Risk • Apr 11
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). Interest payments are not well covered by earnings (2.8x net interest cover). Revenue has declined by 9.5% over the past year. 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. Profit margins are more than 30% lower than last year (31% net profit margin). Market cap is less than US$100m (€59.5m market cap, or US$63.8m). New Risk • Dec 31
New major risk - Revenue and earnings growth Revenue has declined by 9.5% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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). Revenue has declined by 9.5% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 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. Profit margins are more than 30% lower than last year (31% net profit margin). Market cap is less than US$100m (€63.7m market cap, or US$70.4m). New Risk • Oct 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 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 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 2022 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. Profit margins are more than 30% lower than last year (31% net profit margin). Market cap is less than US$100m (€66.8m market cap, or US$70.6m). 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. 9 experienced directors. No highly experienced directors. No independent directors (9 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. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €4.96, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 24x in the REITs industry in Spain. Total returns to shareholders of 6.5% over the past three years. 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. 9 experienced directors. No highly experienced directors. No independent directors (9 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. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 17% share price gain to €8.65, the stock trades at a trailing P/E ratio of 76.4x. Average trailing P/E is 27x in the REITs industry in Spain. Total returns to shareholders of 5.5% over the past three years. Is New 90 Day High Low • Mar 02
New 90-day high: €7.20 The company is up 1.0% from its price of €7.15 on 02 December 2020. The Spanish market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 3.0% over the same period. Is New 90 Day High Low • Feb 04
New 90-day low: €6.55 The company is down 8.0% from its price of €7.15 on 06 November 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 13% over the same period. Is New 90 Day High Low • Dec 23
New 90-day low: €6.75 The company is down 20% from its price of €8.40 on 24 September 2020. The Spanish market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: €7.05 The company is down 17% from its price of €8.50 on 08 September 2020. The Spanish market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 8.0% over the same period. Is New 90 Day High Low • Oct 28
New 90-day low: €7.45 The company is down 12% from its price of €8.50 on 29 July 2020. The Spanish market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 5.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: €8.40 The company is down 1.0% from its price of €8.50 on 24 June 2020. The Spanish market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 6.0% over the same period. Duyuru • Aug 27
Next Estate Income Fund III, a fund managed by BNPP Real Estate Investment Management Luxembourg SA completed the acquisition of Isla de Manoteras Business Park in Madrid from Trajano Iberia Socimi, S.A. (BME:YTRA). Next Estate Income Fund III, a fund managed by BNPP Real Estate Investment Management Luxembourg SA agreed to acquire Isla de Manoteras Business Park in Madrid from Trajano Iberia Socimi, S.A. (BME:YTRA) for €62.8 million on August 2, 2019. The agreement is expected to be signed in the next few days. Cushman & Wakefield acted as broker for the company.
Next Estate Income Fund III, a fund managed by BNPP Real Estate Investment Management Luxembourg SA completed the acquisition of Isla de Manoteras Business Park in Madrid from Trajano Iberia Socimi, S.A. (BME:YTRA) on September 30, 2019.