After giving up the acquisition of Vbare, the SOCIMI Advero Properties has new plans to expand its perimeter. The real estate company run by Pau Corbera will undertake “in the short term acquisitions of residential assets for a total amount of up to 30 million euros from the recent capital increase”, as communicated to the BME Growth. It will also allocate resources from its “excess borrowing capacity.”
Last August, the Catalan REIT approved a capital increase of 16.5 million euros, already fully subscribed.
Currently, the company owns 25 assets with a total of 402 homes in the cities of Madrid, Málaga and Córdoba and the metropolitan area of Barcelona. Advero focuses on buildings of medium income rental homes.
The real estate company closed September of this year with a turnover of 2.38 million euros, compared to 1.91 million in September 2023. The SOCIMI attributes this 25% increase to the optimization of income and new acquisitions .
On the other hand, the gross profit (ebitda) increased by 61% to 980,000 euros, with an increase in the EBITDA margin from 32% to 41%. He consolidated result It stood at 230,000 euros, which represents an increase of 225% compared to the figure for September 2023.
“Advero estimates that the growth of your portfolio will continue to be reflected in the results, to continue consolidating its dividend policy as a complement to the profitability that the company accumulates through the revaluation of its shares,” the statement concludes.
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