Initiation date
20/05/2021
Rating date
03/05/2023
Contacts
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Lead analyst
Luis Mesa García
luis.mesa@ethifinance.com
EthiFinance ratings downgrades Renta Corporación 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.