Lar Espana Real Estate Socimi S.A.
ISIN: ES0105015012 | Ticker: LRE | LEI: 9598002PHMH00MHN3741
Country: Spain
Lar España Real Estate SOCIMI S.A. was founded at an ideal juncture in the Spanish property cycle when real estate prices had just bottomed out at record lows and the real estate market was entering a new cycle. Lar España also ushered in a change of trend for the Stock Market, as it was not only the first Spanish SOCIMI to be floated, but it was also the very first listing to take place following a three-year dearth, and the first listing of a real estate company in seven years.
Lar España is exclusively managed by Grupo Lar, a real estate company whose extensive experience in the sector is of particular note. It boasts a large team of professionals that actively manage and work to diversify the portfolio in order to maximise its operational efficiency, as well as each asset’s yield.
The company’s business activity focuses on investment in real estate assets throughout Spain, mainly in the retail sector.
2014
Served areaSpain
HeadquartersCL Rosario Pino 14, 28020 Madrid – Spain
| Line item in (eur) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Assets | N/A | 1,678,831,000.00 | 1,797,682,000.00 | 1,718,278,000.00 |
| Noncurrent Assets | N/A | 1,406,178,000.00 | 1,451,335,000.00 | 1,218,832,000.00 |
| Investment Property | N/A | 1,373,480,000.00 | 1,423,848,000.00 | 1,199,898,000.00 |
| Investment Accounted For Using Equity Method | N/A | 1,082,000.00 | 1,477,000.00 | 1,450,000.00 |
| Noncurrent Receivables | N/A | 17,996,000.00 | 11,586,000.00 | 5,615,000.00 |
| Current Assets | N/A | 272,653,000.00 | 346,347,000.00 | 499,446,000.00 |
| Trade And Other Current Receivables | N/A | 28,463,000.00 | 25,452,000.00 | 11,744,000.00 |
| Other Current Financial Assets | N/A | 369,000.00 | 3,944,000.00 | 3,000.00 |
| Cash and cash equivalents | 160,527,000.00 | 134,028,000.00 | 313,199,000.00 | 197,141,000.00 |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale | N/A | 106,755,000.00 | 0.00 | 287,964,000.00 |
| Other Current Assets | N/A | 3,038,000.00 | 3,752,000.00 | 2,594,000.00 |
| Equity And Liabilities | N/A | 1,678,831,000.00 | 1,797,682,000.00 | 1,718,278,000.00 |
| Equity | N/A | 859,650,000.00 | 855,387,000.00 | 898,754,000.00 |
| Issued Capital | N/A | 175,267,000.00 | 167,386,000.00 | 167,386,000.00 |
| Share Premium | N/A | 475,130,000.00 | 466,176,000.00 | 452,924,000.00 |
| Treasury Shares | N/A | 16,474,000.00 | 860,000.00 | 250,000.00 |
| Noncurrent Liabilities | N/A | 752,172,000.00 | 799,862,000.00 | 797,428,000.00 |
| Deferred Tax Liabilities | N/A | 17,201,000.00 | 15,578,000.00 | 15,578,000.00 |
| Noncurrent Derivative Financial Liabilities | N/A | 4,685,000.00 | 0.00 | N/A |
| Other Noncurrent Liabilities | N/A | 19,993,000.00 | 20,716,000.00 | 17,480,000.00 |
| Longterm Borrowings | N/A | 570,608,000.00 | 69,921,000.00 | 69,936,000.00 |
| Noncurrent Portion Of Noncurrent Bonds Issued | N/A | 139,685,000.00 | 693,647,000.00 | 694,434,000.00 |
| Current Liabilities | N/A | 67,009,000.00 | 142,433,000.00 | 22,096,000.00 |
| Trade And Other Current Payables | N/A | 18,221,000.00 | 12,546,000.00 | 12,176,000.00 |
| Trade And Other Current Payables To Related Parties | N/A | 0.00 | 0.00 | N/A |
| Other Current Financial Liabilities | N/A | N/A | 0.00 | 12,000.00 |
| Liabilities Included In Disposal Groups Classified As Held For Sale | N/A | 1,576,000.00 | 0.00 | 5,738,000.00 |
| Current Derivative Financial Liabilities | N/A | 3,137,000.00 | 0.00 | N/A |
| Current Bonds Issued And Current Portion Of Noncurrent Bonds Issued | N/A | 3,482,000.00 | 129,702,000.00 | 3,985,000.00 |
| Line item in (eur) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|
| Revenue | 93,324,000.00 | 76,271,000.00 | 80,228,000.00 |
| Other Income | 3,566,000.00 | 2,836,000.00 | 3,363,000.00 |
| Employee Benefits Expense | 474,000.00 | 592,000.00 | 928,000.00 |
| Other Expense By Nature | 26,715,000.00 | 27,888,000.00 | 22,639,000.00 |
| Profit Loss From Operating Activities | -30,955,000.00 | 49,386,000.00 | 92,599,000.00 |
| Finance Income | 40,000.00 | 7,000.00 | 886,000.00 |
| Finance Costs | 20,096,000.00 | 26,691,000.00 | 16,201,000.00 |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | 257,000.00 | 395,000.00 | -27,000.00 |
| Profit Loss Before Tax | -53,668,000.00 | 24,160,000.00 | 72,921,000.00 |
| Income Tax Expense Continuing Operations | 0.00 | -1,622,000.00 | 0.00 |
| Profit Loss From Continuing Operations | -53,668,000.00 | 25,782,000.00 | 72,921,000.00 |
| Line item in (eur) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Adjustments For Reconcile Profit Loss | N/A | 123,369,000.00 | 27,909,000.00 | -12,255,000.00 |
| Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | N/A | 0.00 | 402,000.00 | 0.00 |
| Adjustments For Fair Value Gains Losses | N/A | 2,914,000.00 | -1,465,000.00 | 4,336,000.00 |
| Adjustments For Undistributed Profits Of Associates | N/A | 257,000.00 | 395,000.00 | -27,000.00 |
| Adjustments For Reconcile Profit Loss | N/A | 123,369,000.00 | 27,909,000.00 | -12,255,000.00 |
| Cash Flows From Used In Operations | N/A | 16,776,000.00 | -20,693,000.00 | -16,740,000.00 |
| Interest Paid Classified As Operating Activities | N/A | 16,776,000.00 | 20,693,000.00 | 17,399,000.00 |
| Interest Received Classified As Operating Activities | N/A | N/A | 0.00 | 659,000.00 |
| Cash Flows From Used In Operating Activities | N/A | 8,538,000.00 | 32,069,000.00 | 59,292,000.00 |
| Cash Flows From Used In Investing Activities | N/A | -24,582,000.00 | 47,469,000.00 | -16,775,000.00 |
| Proceeds From Borrowings Classified As Financing Activities | N/A | 101,327,000.00 | 0.00 | 0.00 |
| Repayments Of Borrowings Classified As Financing Activities | N/A | 40,084,000.00 | 547,273,000.00 | 0.00 |
| Dividends Paid Classified As Financing Activities | N/A | 54,094,000.00 | 26,457,000.00 | 29,965,000.00 |
| Cash Flows From Used In Financing Activities | N/A | -7,570,000.00 | 97,007,000.00 | -152,254,000.00 |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | N/A | -26,499,000.00 | 179,171,000.00 | -116,058,000.00 |
| Cash and cash equivalents | 160,527,000.00 | 134,028,000.00 | 313,199,000.00 | 197,141,000.00 |
Please note that some sums might not add up.
ES0105015012
LEI9598002PHMH00MHN3741
SectorEquity Real Estate Investment Trusts (REITs)
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