Post by account_disabled on Mar 13, 2024 5:25:12 GMT -4
Colonial increases the dividend. With a quorum of 79.55%, the shareholders' meeting of the SOCIMI that was held on June 15 approved the agreement that proposed the distribution of a remuneration of 0.25 euros per share, which will mean a approximate disbursement of 135 million euros.
Last year, the dividend that the company delivered in July amounted to 0.24 euros per share, so this year's dividend will be slightly higher. The funds will come mainly from last year's profits and the rest from an issue premium , in the proportion of 104.7 and 30.2 million euros, respectively.
Regarding the other items on the agenda, the re-election Phone Lead of Silvia Mónica Alonso-Castrillo, Ana Peralta Moreno and Ana Bolado Valle as directors has been approved, as well as the appointment of Miriam González Amézqueta and Manuel Puig Rocha (from the multinational fragrances and beauty Puig).
Regarding this latest agreement, Juan José Brugera has said that it is good news that one of the company's significant shareholders (Puig has 7.37% of the shares) demonstrates its long-term commitment to the company, by wanting be now representing on your council.
Likewise, the number of members that make up the board of directors of the SOCIMI has been set at 13 members and PwC has been re-elected as auditor of the 2024 accounts.
The price reflects only half of the value of its assets
The CEO of Colonial, Pere Viñolas, pointed out at the Socimi's shareholders' meeting that the company's stock market price only reflects half the value of its net debt assets.
After defining 2022 as a year that was not positive for the price, Viñolas has justified that it is a very sectoral phenomenon that affects the entire real estate sector. Specifically, the price fell 27% last year and adds up to a 36% drop since the pandemic.
However, the manager has defended that this evolution on the stock market is far from what the company's fundamentals indicate, giving as an example that the price, now around 3,000 million euros, only includes half of the value of its entire net portfolio.
Viñolas has also called the rise in interest rates an "extraordinarily disruptive" element, which has added to the consequences of the pandemic and the war in Ukraine, such as "runaway inflation and other problems" that did not happen in many years" and that have had a "very critical reception" by the investment markets.
Last year, the dividend that the company delivered in July amounted to 0.24 euros per share, so this year's dividend will be slightly higher. The funds will come mainly from last year's profits and the rest from an issue premium , in the proportion of 104.7 and 30.2 million euros, respectively.
Regarding the other items on the agenda, the re-election Phone Lead of Silvia Mónica Alonso-Castrillo, Ana Peralta Moreno and Ana Bolado Valle as directors has been approved, as well as the appointment of Miriam González Amézqueta and Manuel Puig Rocha (from the multinational fragrances and beauty Puig).
Regarding this latest agreement, Juan José Brugera has said that it is good news that one of the company's significant shareholders (Puig has 7.37% of the shares) demonstrates its long-term commitment to the company, by wanting be now representing on your council.
Likewise, the number of members that make up the board of directors of the SOCIMI has been set at 13 members and PwC has been re-elected as auditor of the 2024 accounts.
The price reflects only half of the value of its assets
The CEO of Colonial, Pere Viñolas, pointed out at the Socimi's shareholders' meeting that the company's stock market price only reflects half the value of its net debt assets.
After defining 2022 as a year that was not positive for the price, Viñolas has justified that it is a very sectoral phenomenon that affects the entire real estate sector. Specifically, the price fell 27% last year and adds up to a 36% drop since the pandemic.
However, the manager has defended that this evolution on the stock market is far from what the company's fundamentals indicate, giving as an example that the price, now around 3,000 million euros, only includes half of the value of its entire net portfolio.
Viñolas has also called the rise in interest rates an "extraordinarily disruptive" element, which has added to the consequences of the pandemic and the war in Ukraine, such as "runaway inflation and other problems" that did not happen in many years" and that have had a "very critical reception" by the investment markets.