Saint Croix Holding Immobilier, SOCIMI, S.A. Announces Earnings Results for the First Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Year 2018
October 17, 2018
Share
Saint Croix Holding Immobilier, SOCIMI, S.A. announced earnings results for the first nine months ended September 30, 2018. For the first nine months, the company announced income of EUR 13,850,069 compared to EUR 13,346,201 for the same period a year ago. EBITDA was EUR 12,195,167 compared to EUR 12,139,806 for the same period a year ago. EBTDA was EUR 12,008,486 compared to EUR 12,002,859 for the same period a year ago. EBT was EUR 8,232,395 compared to EUR 8,667,987 for the same period a year ago. Net profit was EUR 8,232,395 compared to EUR 8,252,471 for the same period a year ago. FFO was EUR 12.17 million or EUR 2.73 per share compared to EUR 12.13 million or EUR 2.72 per share a year ago. Net debt was EUR 73.71 million compared to EUR 63.17 million a year ago. Net operating income was EUR 12,536,016 compared to EUR 12,477,167 a year ago.
The company considers that 2018 will continue to be positive in terms of maintaining the terms of long-term leases, as well as the new acquisitions made by the Company. The outlook is therefore positive, taking into account the long-term lease contracts with top quality lessees in the hotel, offices and commercial sectors, guaranteeing the viability of the business in the medium and long term.
Saint Croix Holding Immobilier SOCIMI SA is a Spain-based company primarily engaged in the operation of hospitality real estate investment trusts (REITs). The Company focuses on the acquisition and development of urban properties for leasing. Its activities are divided into four segments: Hotels, operating touristic properties; Offices, developing real estate properties used for business purposes; Sales, leasing commercial premises, as well as Others, including logistics and distribution facilities. The Company's properties are located in a number of Spanish cities, such as Madrid and Huelva. Furthermore, It operates through various subsidiaries, including Compania Iberica de Bienes Raices 2009 SOCIMI SAU and Inveretiro SOCIMI SA.
Saint Croix Holding Immobilier, SOCIMI, S.A. Announces Earnings Results for the First Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Year 2018