Hispania won 179.2 million through September, up 31%

Hispania won 179.2 million through September, up 31%

The net turnover increased by 19% to 119.1 million

This SOCIMI was frustrated in October sales offices by uncertainty in Catalonia

Spain It has registered until the third quarter of 2017 net income of 97 million euros, 25% higher than the 78 million in the same period last year. Net attributable profit amounted to 179 million euros, 31% higher 137 million euros obtained in the third quarter of 2016. the third quarter, the gross value of assets reached 2,347 million euros, and the net value 1,665,000 euros, equivalent to 15.28 per share, according to results presented by the REIT to the CNMV.

the amount net turnover increased by 19% to 119.1 million euros, Of which 98.9 million contributed the hotel segment; 16.1 million, the office, and 4.1 million residential, the only recorded a decline compared to the same period of 2016.

This REIT, owned by the investor George Soros more than 16%, specializes in hotels. his portfolio It includes 11,059 hotel rooms in 39 establishments.

Hispania announced two weeks ago that due to process I was forced to suspend the process of selling its office portfolio, Which it began last March and before the summer had virtually closed with the insurance Swiss Life, For a price that would be around 500 million euros. The final drawback was the current market uncertainty generated by the separatist challenge in Catalonia.

Regarding the residential segment, Hispania continues repositioning works in their buildings and retail plan that began in late 2016. Until the end of the period have sold a total of 47 homes from Sky Island and Sanchinarro, Accumulating a gain on the sale of 38% on the investment made.


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