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Lar Espana Real Estate SOCIMI SA (LRES.MC)

LRES.MC on Madrid SE C.A.T.S.

8.75EUR
12 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Lar Espana Sees New Investments Of 220 Mln Euros Under 2018-21 Bussiness Plan
Friday, 1 Dec 2017 

Dec 1 (Reuters) - LAR ESPANA REAL ESTATE SOCIMI SA ::SEES NEW INVESTMENTS OF 220 MILLION EUROS, DIVESTMENTS OF 380 MILLION EUROS UNDER 2018-21 BUSSINESS PLAN.  Full Article

Lar Espana 9-month net profit up at 72.2 mln euros YoY
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Lar Espana Real Estate SOCIMI SA ::9-MONTH REVENUE 57.2 MILLION EUROS VERSUS 42.2 MILLION EUROS YEAR AGO.9-MONTH NET PROFIT 72.2 MILLION EUROS VERSUS 46.6 MILLION EUROS YEAR AGO.9-MONTH EBITDA 34.3 MILLION EUROS VERSUS 30.3 MILLION EUROS YEAR AGO.EPRA NAV 9.51 EUROS PER SHARE AT END-SEPT. VERSUS 9.20 EUROS PER SHARE AT END-DEC. 2016.  Full Article

Lar Espana buys assets in retail complex for 8.7 mln euros
Monday, 30 Oct 2017 

Oct 30 (Reuters) - LAR ESPANA REAL ESTATE SOCIMI SA ::SAYS BUYS FROM ARCONA IBÉRICA ASSETS THAT ALLOW MANAGEMENT OF 33 UNITS FOR 8.7 MILLION EUROS.SAYS UNITS TO BE USED AS RECREATIONAL AND LEISURE FACILITIES, LOCATED IN RETAIL COMPLEX MEGAPARK BARAKALDO.  Full Article

Lar Espana sees gross rental income of 70 mln euros in FY 2016
Thursday, 6 Oct 2016 

Lar Espana Real Estate SOCIMI SA : Sees no further capital increases . Sees gross rental income (GRI) of about 70 million euros ($78.3 million) in FY 2016, expects GRI annual growth of about 14 percent in 2017-2020 . Sees net asset value (NAV) of about 780 million euros at end of 2016, expects average NAV growth of about 9-10 percent per year in 2017-2020 . Expects average total annual return growth of more than 12 percent per year in 2017-2020 . Sees occupancy rate of 93 percent at end of 2016, expects average occupancy rate growth of about 1 percent per year in 2017-2020 .Says estimates new investments of about 240 million euros in 2017.  Full Article

Lar Espana says capital increase of 147.2 mln euros fully subscribed
Monday, 1 Aug 2016 

Lar Espana Real Estate SOCIMI SA :Said on Friday that its share capital increase of 147.2 million euros was subscribed in full.  Full Article

Lar Espana says total market value of its portfolio valued at 1.05 bln euros at end-June
Friday, 8 Jul 2016 

Lar Espana Real Estate SOCIMI SA :Total market value of its portfolio as valued by JLL Valoraciones SA, Cushman & Wakefield at 1.05 billion euros ($1.16 billion) at end-June.  Full Article

Lar Espana approves share capital increase of 147.2 mln euros
Thursday, 7 Jul 2016 

Lar Espana Real Estate SOCIMI SA : Approves share capital increase of 147.2 million euros ($163.1 million) via issuance of up to 29.9 million new shares with share premium of 2.92 euros per share and issue price of 4.92 euros per share . The new shares have been underwritten by J.P. Morgan Securities plc, Morgan Stanley & Co. International plc and Fidentiis Equities .To use funds to expand its portfolio of current assets and improve it through investment in capital expenditures (CAPEX).  Full Article

Lar Espana buys shopping complex for 42.5 million euros
Friday, 17 Jun 2016 

Lar Espana Real Estate Socimi SA : Says buys shopping complex in Alicante for 42.5 million euros ($47.7 million) .Shopping center of gross leasable area at 33,550 square meters is currently occupied by Alcampo, Leroy Merlin and Media Markt.  Full Article

Lar Espana Q1 net profit rises to 8.7 million euros
Friday, 13 May 2016 

Lar Espana Real Estate SOCIMI SA : Q1 EBITDA 15.0 million euros ($17.0 million) versus 4.0 million euros year ago . Q1 revenue 13.0 million euros versus 6.5 million euros year ago . Q1 EPRA NAV 9.80 euros per share at end-March versus 9.65 euros per share at end-Dec. 2015 .Q1 net profit 8.7 million euros versus 3.8 million euros year ago.  Full Article

Lar Espana Real Estate SA buys remaining 41 pct stake in Puerta Maritima de Ondara
Thursday, 31 Mar 2016 

Lar Espana Real Estate SA:Completes acquisition of commercial complex Portal de la Marina for 14.6 million euros.Buys remaining 41 percent of Puerta Maritima de Ondara, owner of Portal de la Marina in Alicante.  Full Article

BRIEF-Lar Espana Sees New Investments Of 220 Mln Euros Under 2018-21 Bussiness Plan

* SEES NEW INVESTMENTS OF 220 MILLION EUROS, DIVESTMENTS OF 380 MILLION EUROS UNDER 2018-21 BUSSINESS PLAN Source text for Eikon: