Saint Croix Holding Immobilier, SOCIMI, S.A. Reports Consolidated Earnings Results for the Year Ended December 31, 2016
February 22, 2017
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Saint Croix Holding Immobilier, SOCIMI, S.A. reported consolidated earnings results for the year ended December 31, 2016. Revenues were EUR 20,246,784 against EUR 20,021,779 for the same period prior year. EBITDA was EUR 17,626,327 against EUR 17,563,895 for the same period prior year. EBT was EUR 15,682,656 against EUR 19,280,756 for the same period prior year. Net result was EUR 15,682,656 against EUR 19,280,756 a year ago. Net financial debt was EUR 50,227,385 as on December 31, 2015.
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.