Lar Espana Company profile
About Lar Espana Real Estate SOCIMI SA
Lar Espana Real Estate SOCIMI SA is a Spain-based company primarily engaged in the operation of retail Real Estate Investment Trusts (REITs). The Company specializes in acquiring, managing and renting real estate assets within the Spanish market. Its business activities are divided into three segments: Shopping Centers, Offices, as well as Logistics. The Shopping Centers area is responsible for operation of a number of shopping malls, namely Txingudi, Las Huertas, Albacenter, Anec Blau, Hiper Albacenter, and Nuevo Alisal, among others. The Offices segment invests in office properties, such as Arturo Soria, Cardenal Marcelo Spinola, Egeo and Eloy Gonzalo. The Logistics division focuses on managing logistics warehouses, including Alovera I and Alovera II. The Company also owns a plot for residential properties development. It is a parent of a number of entities, such as Lar Espana Inversion Logistica SA, Gran Via Centrum Holdings SAU, Global Noctua and Puerta Maritima Ondara.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Lar Espana Real Estate SOCIMI SA revenues decreased 18% to EUR76.3M. Net income totaled EUR25.8M vs. loss of EUR53.7M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Retail segment income totaling EUR55.8M vs. loss of EUR26.4M. Dividend per share decreased from EUR0.21 to EUR0.20.
Equity composition
7/2015, Rights Issue, 1 new share for every 2 shares held @ EUR6.76 (Factor: 1.11908). 7/2016, Right Issue, (Fator:1.11665).
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