21 October 2015 – El Mundo
The portfolio of real estate assets owned by the Socimi Saint Croix Holding Inmobilier was worth €312.1 million at the end of September 2015, according to a statement issued by the company. That figure represents an appreciation of 16.4% with respect to the end of 2014, based on independent appraisal values.
In this way, the portfolio has generated latent profits amounting to €51.23 million, after adjusting for the investments and divestments made by the Socimi so far this year.
Saint Croix Holding Inmobilier closed the first nine months of the year with a profit of €12.84 million, an amount that represents almost five-times the figure recorded a year earlier, thanks to its asset purchases and an improved financial result.
Revenues increased by 31% between January and September, to reach €13.70 million, representing rental income from its hotels, offices and commercial spaces.
Meanwhile, EBITDA amounted to €12.10 million, which represented an increase of 41% with respect to 2014.
Original story: El Mundo
Translation: Carmel Drake