Inmobiliaria Colonial SOCIMI SA
COL
ISIN ES0139140174 / Valor 33300848
Inmobiliaria Colonial SOCIMI SA
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About company
Inmobiliaria Colonial SOCIMI SA is a prominent real estate company specializing in the ownership, development, and management of high-quality office spaces in prime locations within major European cities, including Barcelona, Madrid, and Paris. As of December 2023, the company's portfolio comprises 55 assets with a total surface area of 1,584,233 square meters and an exceptionally low EPRA vacancy rate of 3%, indicating strong demand for its properties. The company's market capitalization stands at €3.5 billion, with recurring earnings for the fourth quarter of 2023 reported at €172 million. Colonial's investment strategy is heavily focused on the office market, accounting for 97% of its total business, and it emphasizes the importance of energy efficiency and continuous improvement in building operations. With a Group Loan-to-Value (LTV) ratio of 39.9% and investment-grade ratings from S&P and Moody's, Inmobiliaria Colonial SOCIMI SA demonstrates a solid financial foundation and a clear commitment to growth and sustainability in the prime office real estate sector.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (19.05.2026):
Inmobiliaria Colonial SOCIMI SA (Colonial SFL) — Q1 2026: Colonial SFL started 2026 with solid results: rental income rose 7% year‑on‑year to €104m, recurring net profit was €55m (recurring EPS reported at €8.74 cents) and consolidated net profit was €47m. Like‑for‑like rental growth was 4% (216 bp above indexation). Strong leasing activity, accelerated disposals and continued balance‑sheet strengthening underpinned the quarter.
Key financials
Rental income €104m (+7% YoY); Rental EBITDA €88m (+5% YoY). Recurring net profit €55m (+1% YoY) and consolidated net profit €47m (+3% YoY). Like‑for‑like rental growth +4%, outpacing indexation by 216 basis points.
Leasing and occupancy
Signed 28 leases totalling 37,135 sqm (≈€17m annualized rents, +28% YoY). Renewals represented ~50% of activity. Technology/AI occupiers accounted for >13,000 sqm. Group occupancy ~93% (95% in Paris), up ~200 bps since Sept‑2025.
Pricing power and rental uplifts
Release spreads +7% overall and +18% in Paris. Rental growth on renewals +5%, with particularly strong markets: Barcelona +13% (total), Madrid +11% (total), Paris +3% (total).
Asset rotation and disposals
Disposal program execution accelerated: €350m sold to date (>70% of the >€500m program) at prices above appraisal values. Notable sale: Marceau (Paris) for >€240m; additional non‑strategic disposals in Spain and Madrid completed.
Balance sheet and liquidity
Net debt €4,656m (‑6% vs 2H‑2025); Group LTV 36.7% (EPRA LTV 45.2%). Liquidity >€2.5bn (€2,552m) and spot cost of gross debt ~1.92% (below 2%). Issued a €500m green bond (maturity 2031, avg rate ~3.485%) and refinanced €250m in credit facilities.
Credit rating and outlook
Standard & Poor’s reaffirmed the long‑term rating at BBB+ with a stable outlook. Management cites continued demand for prime CBD assets, strong operational momentum and disciplined capital rotation as support for 2026 guidance and medium‑term value creation.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4021 M
Market cap (USD)
902,140
Daily traded volume (Shares)
5.21 / 5.15
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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