Almagro finished 2018 with around €404M in losses

Almagro finished 2018 with around €404M in losses


According to data revealed this month by Mercado Alternativo Bursátil, the REIT, which has been listed for only four months, worsened its annual performance. Despite closing the year with a negative result once again, its yield is still seven times higher than the one registered last year.

The net volume of business improved: it went from 21.4 million euro in 2017 to 138.3 million euro in December last year.

This company, which is focused on the Spanish senior residence market, closed the year with a portfolio of 25 assets located in Madrid which was estimated at 9.8 million euro.

For 2019, the company plans to keep investing. In February, its shareholders green lighted a 15 million euro capital increase. And, in March, it closed the purchase of two buildings in the Spanish capital for 1.2 million euro.

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