Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Árima Real Estate SOCIMI, S.A. is a Spanish real estate investment company operating as a SOCIMI, a publicly listed vehicle dedicated to property acquisition, development, and leasing. Founded in 2018 and headquartered in Madrid, it focuses primarily on high-quality office properties in prime locations such as central Madrid and Barcelona, with secondary exposure to logistics facilities. The company acquires urban real estate assets, rehabilitates buildings to enhance value, and leases them to generate stable rental income, as evidenced by sales growth from offices (EUR 4.44 million in 2020 to EUR 7.85 million in 2023) and logistics. Managed by an experienced internal team led by Chairman Luis María Arredondo and CEO Luis López de Herrera-Oria, it benefits from the legacy of the Axiare Patrimonio SOCIMI success. Notable features include a commitment to sustainability through LEED, BREEAM, and WELL certifications, portfolio turnover strategies like the EUR 15 million sale of an office building, and a robust financial position with low leverage. With 9 employees and major shareholders including JSS Real Estate SOCIMI (51%), it plays a key role in Spain's commercial REIT sector, emphasizing value-add opportunities in office markets.
€11.20
+€0.40 (+3.70%)
EOD Jun 23, 2026 · Twelve Data
61.11% operating margin is above average. ROIC at 2.93%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 40.8%, still solid. Margins contracted 12.3pp, which offsets some of the top-line progress.
At 25x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Negative free cash flow of -€48M. The business is consuming cash, not generating it.
25.3x earnings. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€28M
▲ +40.8% YoY
Net Income (TTM)
€8M
▼ -79.2% YoY
Op. Margin
61.11%
▼ -12.3pp YoY
ROIC
2.93%
Cash Flow & Balance Sheet
FCF (TTM)
-€48M
▲ +75.7% YoY
Op. Cash Flow (TTM)
€22M
▲ +81.4% YoY
Net Debt
€229M
Cash & Equiv.
€10M
3Y CAGR: +50.9%
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