BLEKEDROSReal Estate · REIT - Hotel & Motel · ΧΑ

Ble Kedros REIC

€4.67

+0.00(+0.00%)

Close 06/11/2026 · end-of-day price, not real-time

Ble Kedros REIC (BLEKEDROS) closed at €4.67 on 06/11/2026, +0.00% on the day. Market cap €188.7m, P/E 7.0, dividend yield 7.95%.

My view

Private · MENTOR takes it into account

Alerts

+3.8%6M

06/11/2026Close 4.67+0.00%Vol 100+3.8% since start

Showing · 6 months4 May – 6 Nov 2026

BLEKEDROS +3.8% (€4.50 → €4.67) · General Index —

Deepest fall inside it: −0.7% (30 Jul → 4 Aug 2026)

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Key statistics

12 months to Jun 2026 unless a figure says otherwise

Profile

At the 6 Nov close

Market value
Enterprise valueJun 2026est.
Shares outstandingJun 2026
Revenue12 months to Jun 2026
Employees
Traded a day, 3-month average

Property

H1 2026

Price ÷ NAV
NAV per share
Net LTV

Valuation

12 months to Jun 2026

P/E
P/B
EV/Salesest.
Dividend yield

Margins

FY2025

Gross: —

Returns

FY2025

ROE12 months to Jun 2026
ROA
ROE, 5-year averageFY2021–25
Tax rate

Financial health

Dec 2025

Cash
Net debtJun 2026
Debt ÷ equity

Growth

Revenue, last yearFY2025
Revenue, last halfH1 2026
EPS, last yearFY2025
EPS, last halfH1 2026
Revenue, 3 yearsFY2022–25, a year
EPS, 3 yearsFY2022–25, a year
Shares, 3 yearsFY2022–25

Dividends

FY2025

Yield, last 12 months
Per share
Payout
Years paid, last fiveFY2021–25

Withheld, and why

Valuation: EV/EBITDA, P/FCF · Margins: EBITDA, Operating (EBIT), Pre-tax, Net, Free cash flow · Returns: ROCE, ROIC · Financial health: Net debt ÷ EBITDA, Interest cover · Dividends: Covered by free cash flow · property revaluations sit in operating profit, and buying buildings is investment, not capex

Trading and risk

From our closes, dividends reinvested

Total return, 1 year: +22.2%
3 years, a year: +21.2%
Volatility, 1 year: 6.1%
Beta to the General Index: 0.03×
Deepest fall, 1 year / 5 years: −1.4% / −9.8%
52-week range: €4.17–€4.67

est.worked out by usread with care: tap for why

Where the figures come from: the company's reports, reviewed by us · annual accounts filed in ESEF format · results announcements on the exchange · our own closing prices. No forecasts or target prices are stored.

Financial charts

From the stored figures: the reviewed dossier first, then the annual reports (ESEF) and results announcements

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Valuation

6 companies

Metric	BLEKEDROS	Peer median	Peer range
P/Eone-off	7.0	—
P/B	1.44	0.71	0.52 0.85
P/S	18.4	4.4	4.0 7.3
Dividend yieldspecial payout	8.0%	4.6%	3.0% 6.8%
Payout ratio	112.5%	36.0%	14.5% 41.6%
ROE	20.9%	8.0%	7.0% 9.1%
Revenue growth (last full year)	−25.5%	13.2%	-2.5% 67.8%
Net debt	−€4.0m	€210.9m	-€21.4m €829.9m

Twelve Data · latest quarter 30/06/2026

Peers: REICs

Dividend yieldDay

Prodea InvestmentsPRODEA7.1%+0.0%

Noval PropertyNOVAL3.0%−1.3%

Trade EstatesTRESTATES6.8%−0.9%

Ble Kedros REICBLEKEDROS8.0%+0.0%

Premia PropertiesPREMIA4.6%−0.3%

BriQ PropertiesBRIQ6.7%−0.9%

Orilina PropertiesORILINA3.6%+0.2%

Not compared: LAMPS (hotels)

Compare in depth

The company

AI-drafted

Ble Kedros is a Greek REIC that acquires, develops and leases hotels, stores, industrial buildings and other properties, with rent highly concentrated in related-party tenants. In H1 2026 profit rose on a reversal of fine provisions and property revaluations, and bank borrowing reappeared at €3.8m.

How it makes moneyH1 2026 · basis: revenue

Hotels⁶58.3%
Commercial premises and stores⁶26.4%
Industrial and craft buildings⁶13.9%
Other property⁶1.3%
Offices⁶0.1%

It is

A REIC with a diversified property portfolio in Greece.^1,6
A landlord with high related-party tenant concentration.^1,6

It is not

The listed owner of COCO-MAT bedding manufacturing and hotel operations.¹
A guaranteed-dividend product or a debt-free company: bank borrowing returned in 2026 alongside lease and demolition obligations.^6,3

Recent developmentsAll company events →

Sep 2026Signed a six-year €4.0m bond loan with Aegean Baltic Bank, secured on a Kifissia property.^6,7
Sep 2026Signed a 12-year lease agreement with the Hatzikonsta foundation for the Kossou 8 property in Athens.⁶
Jun 2026Reversed €11.891m of Falirou 5 fine liabilities and provisions after the Athens Administrative Court of First Instance annulled the fines.⁶
Jun 2026Xifias Real Estate drew €3.805m of a €6.794m Optima Bank loan co-financed by the Recovery and Resilience Facility.⁶
May 2026Paid the FY2025 final dividend of €0.204052641 per eligible share from 12 May.^2,3,8
May 2026Allocated 23,700 treasury shares free to management, employees and regular service providers.⁴

Key figures

Appraised portfolio value €131.28m H1 2026⁶
NAV per share (net of treasury shares) €3.24 H1 2026⁶
Rental income €3.132m H1 2026⁶
Funds from operations €2.052m H1 2026⁶
Related-party share of rents 94.77% H1 2026⁶

Key facts

At 30 June 2026 the portfolio was 43 assets appraised at €131.281m (December 2025: €108.610m); only €6.988m of the rise was revaluation gain, the rest purchases, works and a smaller legal deduction at Falirou 5.⁶
In H1 2026 the group reversed €11.891m of Falirou 5 fine liabilities and provisions after a court annulled the fines (appeals pending) and booked a €2.804m demolition provision.⁶
Bank debt was €3.805m at 30 June 2026 (nil at end-2025); a further €4.0m six-year bond loan was signed on 14 September.⁶
FY2025 dividends totaled €0.371389812 per eligible share across two payments; no FY2026 dividend had been declared by 27 October 2026.^3,5,8,9,10
COCO-MAT repaid its €867,805 rent receivable in full by 30 June 2026.⁶

Sources

1.Annual financial report 2025Ble Kedros REIC · 08/04/2026official
2.Financial calendar 2026Ble Kedros REIC · 07/04/2026official
3.FY2025 final dividend adjusted for treasury sharesBle Kedros REIC · 05/05/2026official
4.Free allocation of treasury sharesBle Kedros REIC · 06/05/2026official
5.FY2025 interim dividend paymentBle Kedros REIC · 18/11/2025official
6.H1 2026 financial reportBle Kedros REIC · 30/09/2026official
7.Investment schedule 30 June 2026Ble Kedros REIC · 30/09/2026official
8.Euronext distributionsEuronext Athensofficial
9.Company announcement archive, review readingBle Kedros REICofficial
10.Exchange announcement index, review readingEuronext Athensofficial

AI-drafted from the cited sources · 27/10/2026 · v4 · ✓ checked by an independent second modelBle Kedros R.E.I.C.Website ↗

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Why it moved

Flat · volume 0.2×

News & events

News and what's next

Peers

5 listed peers

Results

How it did vs last year

Valuation

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Data: Twelve Data · End-of-day prices · Nothing here is investment advice.