The Flexible Accommodation continues to demonstrate its strength and growth potential, as reflected in the recent results of All Iron RE I Socimi. The company closed the year 2024 with a increase of more than 50% in revenues7.6 million. This remarkable progress is based on a successful strategy and on the growing demand for Flexible Accommodation quality.
A key indicator of All Iron RE I Socimi's strong performance is the doubling of its EBITDA, which stands at 4.8 million euros.with a 63% revenue margin. This improvement in profitability underlines the operational efficiency and profitability of the business model based on the Flexible Accommodation.
The expansion of the asset portfolio has been fundamental to this growth. The incorporation of three new assets in Barcelona, Madrid and Bilbao has significantly boosted income generation. Specifically, the rental income from the Flexible Accommodation experienced a increase of 84% compared to the previous year. Even considering only the pre-existing assets, there was an increase of 9% organic growth in revenue and 10% growth in operating profit.
The high demand for Flexible Accommodation is reflected in the average occupancy rate of the flats, which reached 85% in 2024This was an increase of five percentage points over the previous year. In addition, average prices per flat increased by 6% to €114, demonstrating the strength of the market.
The financial strength of All Iron RE I Socimi is also evident in a net profit of EUR 3.5 million (excluding asset revaluation), which represents a increase of 57%. The cash flow generation (FFO) stands at 3.74 million euros.25 cents per share.
Looking ahead, the company plans to continue its growth strategy, backed by a recent capital increase of more than EUR 10 million. In addition, All Iron RE I Socimi estimates to pay a cumulative dividend of between 1.8 and 2 euros per share in 2028The company also forecasts a theoretical share value of around 19-20 euros for the year.
The total value of the company's real estate assets amounts to 305 millionwhich represents an increase of 15% compared to 2023. This increase includes the recent acquisition of a property in Barcelona's 22@ technology district. The return on investment is also noteworthy, reaching approximately 6.5% excluding debt and 10% taking leverage into account.
In summary, the results of All Iron RE I Socimi demonstrate the dynamism and attractiveness of the Flexible Accommodationwith solid growth in revenues, profitability and asset expansion. The company is positioned as a major player in this booming market.