NOVALReal Estate · REIT - Diversified · ΧΑ
Noval Property Real Estate Investment Company
€2.30
+0.01(+0.44%)
Close 26/10/2026 · end-of-day price, not real-time
Noval Property Real Estate Investment Company (NOVAL) closed at €2.30 on 26/10/2026, +0.44% on the day. Market cap €289.8m, P/E 7.7, dividend yield 3.05%.
My view
Private · MENTOR takes it into account
−12.2%6M
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26/10/2026Close 2.30+0.44%Vol 57.1k−12.2% since start
Key statistics
12 months to Jun 2026 unless a figure says otherwise
Profile
At the 26 Oct close- Market value
- €289.8m
- Enterprise valueJun 2026est.
- €444m
- Shares outstandingJun 2026
- 126m
- Revenue12 months to Jun 2026
- €40.7m
- Employees
- 32
- Free float
- 15.3%
- Traded a day, 3-month average
- €140.1k
Property
Jun 2026- Price ÷ NAV
- 0.51×
- NAV per share
- €4.47
- FFO yield12 months to Jun 2026
- 7.2%
- Net LTV
- 20.3%
- Rental yield
- 7.0%
- Occupancy
- 97.3%
- WAULT
- 8.3years
Valuation
12 months to Jun 2026- P/E
- 7.7×
- P/B
- 0.51×
- EV/Salesest.
- 10.9×
- Dividend yield
- 3.1%
Returns
12 months to Jun 2026- ROE
- 7.0%
- ROE, 5-year averageFY2021–25
- 10.5%
Financial health
Jun 2026- Net debt
- €154.2m
Growth
- Revenue, last yearFY2025
- +13.2%
- Revenue, last halfH1 2026
- +16.4%
- EPS, last yearFY2025
- −20.0%
- EPS, last halfH1 2026
- −12.5%
- Revenue, 3 yearsFY2022–25, a year
- +14.9%
- EPS, 3 yearsFY2022–25, a year
- +10.1%
- Shares, 3 yearsFY2022–25
- +17.4%
Dividends
FY2025- Yield, last 12 months
- 3.1%
- Per share
- €0.070
- Payout
- 21.9%
- Years paid, last fiveFY2021–25
- 5
Withheld, and why
- Valuation: EV/EBITDA, P/FCF · Margins · 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
- −10.5%
- Volatility, 1 year
- 19.1%
- Beta to the General Index
- 0.45×
- Deepest fall, 1 year / 5 years
- −18.9% / −23.4%
- 52-week range
- €2.29–€2.90
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 | NOVAL | Peer median | Peer range |
|---|---|---|---|
| P/E | 7.7 | 5.9 | 3.1 14.2 |
| P/B | 0.51 | 0.76 | 0.58 1.48 |
| P/S | 7.1 | 5.8 | 4.3 17.3 |
| Dividend yield | 3.1% | 5.4% | 4.4% 6.7% |
| Payout ratio | 21.9% | 31.5% | 14.5% 39.4% |
| ROE | 7.0% | 12.2% | 9.1% 19.0% |
| Revenue growth (last full year) | 13.2% | 22.5% | -25.5% 67.8% |
| Net debt | €154.2m | €325.5m | -€14.7m €829.9m |
Grey band: the peers' range · tick: median · dot: NOVAL · Twelve Data · latest quarter 30/06/2026
Peers: REICs
Mkt capDividend yieldP/BDay
Noval Property Real Estate Investment CompanyNOVAL€289.8m3.1%0.51+0.4%
The company
AI-draftedNoval Property is a Greek REIC in the Viohalco group, listed on the Athens Exchange since June 2024. It owns 60 properties worth €706.9m — offices, shopping centres and retail parks, hotels, warehouses and homes — mostly in Attica plus one in Sofia, and collects inflation-indexed rent from business tenants.
How it makes moneyFY2025 · basis: revenue
It is
Recent developmentsAll company events →
- Jul 2026The Hellenic Capital Market Commission revoked the company's supplementary AIFM licence at its own request.2
- Jun 2026The €0.07 per share dividend, €8.85m in total, was paid.2,6
- May 2026The AGM approved the issue of bank-covered bond loans of up to €150m.5
- Feb 2026The buyback of 400,000 own shares, 0.32% of capital, completed at an average €2.7573.1
- Feb 2026The rebuilt office building at 199 Kifissias Avenue, Maroussi, was handed over to its first tenant.1,4
- Jan 2026After the death of Nikolaos Stassinopoulos, each of his two sons crossed 5% of the voting rights.8
Key figures
Key facts
- One tenant, HOUSEMARKET (IKEA), produced 14.7% of FY2025 rent and 13.8% in H1 2026.1,2,7
- Management reaffirmed FY2026 guidance of €41.5-43.5m of rent, €28-30m of a-EBITDA and €20-22m of FFO.3,7
- The €120m green bond at 2.65% matures on 6 December 2028, concentrating that year's amortisation.1,7
- The FY2025 dividend of €0.07 per share was paid from 26 June 2026, 63% above FY2024.5,6
- Revaluation materially affected earnings: the FY2025 gain was €20.2m against €41.0m of net income.1
Sources
- 1.Annual Financial Report 2025Noval Property REIC · 30/03/2026official
- 2.Semi-Annual Financial Report, 1 January to 30 June 2026Noval Property REIC · 14/09/2026official
- 3.Press release, H1 2026 financial resultsNoval Property REIC · 29/07/2026official
- 4.Press release, FY2025 financial resultsNoval Property REIC · 02/03/2026official
- 5.Resolutions of the Ordinary General Meeting of 13 May 2026Noval Property REIC · 13/05/2026official
- 6.Dividend distribution announcement for FY2025Noval Property REIC · 13/05/2026official
- 7.Corporate presentation, H1 2026 financial resultsNoval Property REIC · 30/07/2026official
- 8.Notification of change in voting rights above 5%Noval Property REIC · 27/01/2026official
AI-drafted from the cited sources · 01/10/2026 · v3 · ✓ checked by an independent second modelNoval Property Real Estate Investment Company S.A.Website ↗
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News & events
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Peers
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Results
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Data: Twelve Data · End-of-day prices · Nothing here is investment advice.