Reaches a sales portfolio of 1,242 million euros
MADRID, 25 Abr. (EUROPA PRESS) –
In its last fiscal year (April 2023 to March 2024), Aedas Homes exceeded 1.1 billion euros in revenue after having handed over the keys to 2,839 homes, 4% more than the previous fiscal year.
As reported by the developer to the National Securities Market Commission (CNMV), the sale of these homes brought in income of 950 million euros, 7% more than the previous year, to which we must add more than 150 million derived from the Real Estate Services division and the sale of non-strategic land.
The average price of sales to private clients amounted to 415,000 euros, fulfilling its strategic objectives for the sixth consecutive year and accumulating a total of more than 11,000 homes delivered.
Regarding the adjusted gross operating result (Ebitda), the company expects it to be in a range of between 170 and 180 million euros, higher than the 164 million euros recorded the previous year.
“The company has achieved exceptional operating results and has demonstrated its solvency and capacity as an industrial partner to manage investments in new housing development,” said the CEO of Aedas Homes, David MartÃnez.
In fiscal year 2023, Aedas Homes strengthened its co-investment line by completing two operations in which it attracted investment worth 300 million and was awarded around 1,000 homes intended for affordable rental in the ‘Plan Vive’ of the Community of Madrid , adding more than 4,500 units to this end.
As of March 31, 2024, the developer had almost 9,900 active homes: 5,038 under construction, 2,223 in the design phase, 1,506 in the marketing phase and 1,121 already completed. In total, it has a sales portfolio of 3,367 units (sale-BTS and rental-BTR) valued at 1,242 million, which translates into delivery coverage ratios of 67% for the 2024-2025 financial year and 37% for 2025-2026.
Likewise, the company registers investment activity in the purchase of land for more than 220 million to develop more than 2,500 homes, with a forecast of generating income of more than 900 million in planned deliveries, mostly in the years 2026- 2027 and 2028-2029.
