Vivenio Residencial SOCIMI (YVIV) H2 2024 earnings summary

Executive summary

• The group operates under the SOCIMI regime, focusing on residential property leasing in Spain, with 49 active developments totaling 6,253 homes and 66 commercial units at year-end 2024.

• 2024 saw a positive evolution, with significant asset acquisitions, new developments entering operation, and stable occupancy above 80%.

• The group distributed €4.9 million in dividends and maintained a strong capital structure with 732.3 million shares outstanding.

Financial highlights

• Net revenue from rental activities rose to €56.6 million, up 31% year-over-year, driven by new asset incorporations.

• Consolidated operating profit reached €36.4 million, and net profit attributable to the parent was €79.4 million, both higher than 2023.

• Fair value gains on investment properties totaled €85.4 million, reflecting continued appreciation in the portfolio.

• Total assets increased to €1.87 billion, with investment properties valued at €1.86 billion.

• Cash and equivalents at year-end were €2.2 million, down from €7.2 million in 2023.

Outlook and guidance

• The group expects to maintain high occupancy and rental levels, continue asset acquisitions, and explore new rental models such as tourist and medium-stay rentals within regulatory limits.

• Plans include ongoing asset improvement and sustainability upgrades.