Mixed results for Realia. Real estate company controlled by Mexican billionaire Carlos Slim Closes 2022 with 135 million euros in revenue, 45 million less than 2021. In total, the company posted a net profit of 61.47 million, down 13.9% from the previous year.
According to divisions, the property lease legacy leg generated revenue of 88.24 million, up nearly 8% year-on-year. Beating Spanish inflation through 2022It is estimated at 5.7% by the National Institute of Statistics. Listed real estate company confirms that they have benefited from rent updates, increase in reimbursement of common expenses and expiration of bonuses due to the effects of covid-19; in addition to higher income from rental housing and a return on municipal capital gains.
However, the promotion part shows a decrease of 55% in its turnover, reaching 42.56 million. To justify the reduction in bills from the sale of the home, Realia explains: “In the development area, revenues are mainly fewer units delivered from promotions (98 houses in 2022 compared to 291 in 2021), mainly due to the schedule of completion of works”.
Realia’s last job, services increased its performance by 25%up to 4.39 million after “new contracts to third parties for marketing, technical management and administrative-financial management”.
No decrease in asset value
Realia’s assets were revalued by 11.56 million euros in 2022.. This increase is less than two-thirds of the increase in 2021, although they confirm that they are “affected by the rise in interest rates leading to an increase in investor-requested returns.”
Real estate reduced its debt by 11.6 percent up to €554.79 million in the last financial year. “This reduction in debt is mainly due to differential depreciation with production. cash flow Your group. The depreciation of 50 million of the 120 million intra-group loan given in December 2021 for the acquisition of 37.11% of the shares of Hermanos Revilla is noteworthy,” they add.