RENTA CORPORACION REAL ESTATE SOCIEDAD ANONIMA


Type of ratings: Corporate

Rating value: B+

Outlook: Stable

License: EthiFinance Ratings

Solicited

EthiFinance ratings downgrades Renta CorporaciĆ³n Real Estate's rating from BB- to B+ , changing its outook from Positive to Stable. The company operates within the real estate sector in Spain, through its main business segments: Transactional and Patrimonial. In 2022 registered a total revenue of € 53.9M, a margin of operations of € 17.7M and a recurrent EBITDA of € 2.3M. The NFD/Recurrent EBITDA ratio stood at 19.9x, as of December 2022. The group is listed on the Spanish Stock Exchange since 2006, with a market capitalization of € 46M, as of 24/04/2023.

Ratings

Rating action: Downgrade

Action date: 2023-05-03

Date last rating: 2023-05-03

Date first rating: 2021-05-20

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