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Neinor Homes SA (1NN.SG)

14.18

0.00

(0.00%)

At close: April 17 at 10:23:35 AM GMT+2

Neinor Homes confirms achievement of FY24 guidance and announces €125mn shareholder distributions

Neinor has delivered 2,397 housing units with strong underlying gross margin of 28.5% and reported FY24 adj. Net Income of €69mn, a 5.9% beat to the Company’s guidance High margins and solid cash flow generation took Adj. Net Debt to €238mn by year-end, maintaining a conservative LTV of 16.2% The Company will submit to the next AGM the approval of €125mn in shareholder distributions for FY25 – aiming to distribute a total of €188mn for the following 12-months (16% yield) Neinor has significantly

GlobeNewswire last month

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Neinor Homes steps into flex living with Banco Santander and will co-invest €60mn in a project located in Madrid

Neinor Homes and Banco Santander have reached an agreement to invest more than €60mn to develop 160 ‘flex living’ apartments in the city of Madrid With this agreement Neinor Homes enters a new product vertical within the thriving Spanish living sector further diversifying its housing offering This agreement represents the 8th JV signed by Neinor Homes since 2023, having raised +€1.2bn, more than doubling the initial expectation set on its Strategic Plan (2023-27) of €500mn Going forward, both en

GlobeNewswire 2 months ago

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Neinor Homes and Ameris create a joint-venture to invest up to €50mn in the Spanish residential sector

Neinor Homes and Ameris have signed an agreement to co-invest up to €50mn in the Spanish residential sectBoth entities acquired a land plot in the province of Valencia to develop 72 newly built homes for saleWith the seventh agreement signed, Neinor continues to diversify its co-investor base having reached over €1.1 billion in assets under management, versus an initial objective of €500mn Madrid, 27 january 2025 – Neinor Homes (“Neinor”, HOME.SM), the Spanish leading listed homebuilder, and Ame

GlobeNewswire 2 months ago

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Neinor Homes fulfils FY24 targets and approves new distribution to shareholders +10% yield during 1Q25 (€1.66/sh)

In a pre-close update ahead of its FY24 accounts, Neinor Homes confirms that it has fulfilled its FY24 Adjusted Net Income target of €65mnOn 24 January, the company will complete the first distribution payment of €62mn (gross €0.83/sh) approved at the EGM held in December 2024Furthermore, given the fulfilment of FY24 targets, the Board of Directors approved a second distribution of €62mn (gross €0.83/sh), to be paid on 14 March2024 was the company’s strongest commercialization year on record, wi

GlobeNewswire 2 months ago

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Neinor Homes to distribute a total of €125mn to its shareholders in the first quarter of 2025 (€1.66/share - 11% yield)

The first payment, amounting to €62.5mn (€0.83/sh), will be made on January 24, 2025, while the second payment of €62.5mn is expected to take place in March 2025 For the first dividend, the last trading day entitled to receive the payment is January 21, 2025 In total, over the next 15 months, the company plans to distribute €250mn to its shareholders – a 21% yield at current prices Madrid, 20 December 2024. - Neinor Homes ("Neinor"; HOME SM), the leading listed residential property developer in

GlobeNewswire 3 months ago

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Neinor Homes upsizes its Green Bond to €325mn on strong demand with €1,300mn orderbook - 4x oversubscribed

Neinor’s bond issuance saw strong investor demand upsizing it to €325mn while also improving Neinor’s overall corporate cost of debt to 5.875% (from 6.5%) and extending maturities to 5.25 years (from 2 years)The use of proceeds is mainly focused on the refinancing of the existing corporate debt (€175mn) and the remaining proceeds (€150mn) will be allocated to growth opportunitiesEven after the upsizing and cost optimization, investors demand has largely surpassed the offer size being in excess o

GlobeNewswire 5 months ago

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Neinor Homes signs a Joint-Venture with Bain Capital to strengthen its leading position in the Spanish market

Neinor, the leading listed residential Spanish developer, reaches an agreement with Merak, a holding company controlled by funds managed by Bain Capital, to acquire a 10% stake in Habitat and enters into an agreement where Neinor will provide development and management services to Habitat's ongoing developments and land bank.

PR Newswire 5 months ago

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Performance Overview

Return	1NN.SG	IBEX 35... (^IBEX)
YTD	-8.56%	+11.97%
1-Year	+61.06%	+21.48%
3-Year	+80.05%	+48.50%

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Neinor Homes SA (1NN.SG)

Neinor Homes confirms achievement of FY24 guidance and announces €125mn shareholder distributions

Neinor Homes steps into flex living with Banco Santander and will co-invest €60mn in a project located in Madrid

Neinor Homes and Ameris create a joint-venture to invest up to €50mn in the Spanish residential sector

Neinor Homes fulfils FY24 targets and approves new distribution to shareholders +10% yield during 1Q25 (€1.66/sh)

Neinor Homes to distribute a total of €125mn to its shareholders in the first quarter of 2025 (€1.66/share - 11% yield)

Neinor Homes upsizes its Green Bond to €325mn on strong demand with €1,300mn orderbook - 4x oversubscribed

Neinor Homes signs a Joint-Venture with Bain Capital to strengthen its leading position in the Spanish market

Performance Overview