Reported by Consejeros Editorial Team Colonial SFL’s Annual General Meeting of Shareholders this week approved thepayment of a dividend of €0.32 per share for the 2025 financial year, representing a 6.7 per cent increase compared with the previous financial year and a dividend yield of around 6 per cent. According to the company, this approved dividend is underpinned by the “strength of the results achieved during 2025”, a financial year…
Intermoney Analysis Colonial SFL held its CMD in Madrid on Thursday, which did not yield any major news. The REIT confirmed its strategic focus based on the following pillars: 1) operational leverage of office assets in the CBD, a product that will remain the priority, without ruling out entering the German market; 2) strengthening Plan X, focused on the transformation of assets, whether through development from scratch or a change…
Bankinter | Inmobiliaria Colonial (COL) is selling assets in Madrid and Málaga for €44 million. We reiterate our Buy recommendation. The company has agreed to sell the Tucumán office building, in the Campo de las Naciones area of Madrid, for €24 million and a residential complex in Málaga for €20 million. Bankinter research team’s view: Good news. The company continues to make progress with its asset rotation plan and has…
Link Securities | Colonial SFL (COL) is finalising its entry into Germany, with its sights set on Munich and Berlin, according to the newspaper *Expansión*. Pere Viñolas, CEO of Colonial, explained on Thursday at a conference at the Circulo Ecuestre in Barcelona that the property firm is in advanced talks to purchase assets in the country. The executive noted that Germany has five major cities, of which two or three…
Link Securities | The REIT has sold the office building located at Juan Ignacio Luca de Tena 7, in Madrid, a property that housed the headquarters of the Vocento Group and the editorial offices of the ABC newspaper for more than three decades,which were subsequently moved to another asset also owned by the company at Josefa Valcárcel 40, according to Bolsamania.com. The transaction is part of the group’s strategy of…
Banc Sabadell | The results are perfectly in line with our forecasts and show trends very similar to those observed in recent quarters. Rental income: €296 million (up 1.0% versus Banco Sabadell’s 0.8% estimate); recurring EPS: €0.25 (down 3.9% versus the drop of 3.5% estimated byBanco Sabadell). Comparable rental income grew by 5% thanks to indexation and price improvements in renewals. Recurring EPS fell by 4% due to the higher…
Renta 4 | The financial newspaper El Economista features an extensive interview with Colonial’s chairman, Juan José Brugera, in which he reviews the company’s current situation and various aspects of the property market. We would highlight the following aspects of the interview: 1) the gradual improvement in the oversupply in Barcelona’s 22@ district; 2) he leaves the door open to the possibility of exploring new geographical markets such as Germany…
Banc Sabadell | The CEO of Inmobiliaria Colonial (COL), Pera Viñolas, said at a conference that the company plans to invest in new geographical areas in addition to those it has ‘historically touched’, which have been Paris (France), Madrid and Barcelona. Assessment: This is nothing new. Following the announcement of the agreement with Stoneshield on DeepLabs, they already commented that they expect to invest in other geographical areas in the…
Intermoney | Inmobiliaria Colonial (COL) (Buy, Target Price €8.5/share) has announced the placement of a bond maturing in September 2031 for a nominal amount of €800 million, with an annual coupon of 3.125%. The subscription and disbursement of the Bonds is expected to take place on 23 September 2025. The Bonds are expected to be admitted to trading on the regulated market of Euronext Dublin. The REIT has stated that…
Intermoney | SFL, the French subsidiary of Inmobiliaria Colonial (COL) (Buy, Target Price €8.5/share), reported its H1 2025 figures on Wednesday after the market closed. Rental income rose by 1% in equivalent terms to €123 million, in line with Intermoney’s expectations for Colonial. Compared to the figure reported a year ago, rental income fell by 3% due to asset sales. The 1% growth is divided between a 5% decline due…