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PRODEAReal Estate · REIT - Diversified · ΧΑ

Prodea Real Estate Investment Company

€3.02
+0.04(+1.34%)
Close 27/10/2026 · end-of-day price, not real-time

Prodea Real Estate Investment Company (PRODEA) closed at €3.02 on 27/10/2026, +1.34% on the day. Market cap €801.8m, dividend yield 7.15% (57.04% with a one-off).

Announcements to the exchange

My view
Private · MENTOR takes it into account
−49.7%6M
Drag sideways across the chart to pick a period, or click an event's dot below it, then ask MENTOR about it.
27/10/2026Close 3.02+1.34%−49.7% since start

Key statistics

12 months to Jun 2026 unless a figure says otherwise

Profile

At the 27 Oct close
Market value
€801.8m
Enterprise valueJun 2026est.
€1.7bn
Shares outstandingJun 2026
265.5m
Revenue12 months to Jun 2026
€184.8m
Employees
34
Free floatest.
17.5%
Traded a day, 3-month average
€147.2k

Property

FY2025
Price ÷ NAV
0.00×
NAV per shareH1 2026
€1,045.79
FFO yield12 months to Jun 2026
−0.7%
Net LTVH1 2026
57.7%
Rental yield
6,440.0%
Occupancy
92.0%
WAULT
7.3years

Valuation

12 months to Jun 2026
P/E
—

not meaningful: a loss

P/B
0.77×
EV/Salesest.
9.2×
Dividend yield
57.0%

Margins

FY2025
Gross
—

its accounts show no gross profit

Returns

FY2025
ROE12 months to Jun 2026
−7.5%
ROA
0.4%
ROE, 5-year averageFY2021–25
7.3%
Tax rate
49.4%
Profit to minority holders
10.5%

Financial health

Dec 2025
Cash
€331.9m
Net debtJun 2026
€829.9m
Debt ÷ equity
77.2%

Growth

Revenue, last yearFY2025
−2.5%
Revenue, last halfH1 2026
−33.1%
EPS, last yearFY2025
−91.8%
EPS, last halfH1 2026
−116.7%
Revenue, 3 yearsFY2022–25, a year
+5.9%
Revenue, 5 yearsFY2020–25, a year
+10.6%
EPS, 3 yearsFY2022–25, a year
−56.9%
Shares, 3 yearsFY2022–25
+0.0%

Dividends

FY2025
Yield, last 12 months
57.0%
Per share
€1.720
Payoutunder review
4,300.0%
Years paid, last fiveFY2021–25
5

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
−26.0%
3 years, a year
−11.7%
5 years, a year
−6.7%
10 years, a year
+3.2%
Volatility, 1 year
30.8%
Beta to the General Index
0.15×
Deepest fall, 1 year / 5 years
−42.0% / −52.1%
52-week range
€2.60–€6.20
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

Loading the charts…

Valuation

6 companies
MetricPRODEAPeer median
P/Eone-off—7.1
P/B0.770.78
P/S4.37.3
Dividend yieldspecial payout7.2%4.7%
Payout ratio4,300.0%27.0%
ROE−7.5%10.0%
Revenue growth (last full year)−2.5%22.9%
Net debt€829.9m€204.2m
Twelve Data · latest quarter 30/06/2026

Peers: REICs

Dividend yieldDay
Prodea Real Estate Investment CompanyPRODEA7.2%+1.3%
Trastor Real Estate Investment CompanyTRASTOR4.4%+1.5%
Noval Property Real Estate Investment CompanyNOVAL3.0%+3.5%
Trade Estates Real Estate Investment CompanyTRESTATES6.7%+0.5%
Ble Kedros R.E.I.C.BLEKEDROS8.0%−0.4%
PremiaPREMIA4.7%+0.0%
BriQ Properties Real EstateBRIQ6.1%−0.3%

Not compared: LAMDA (property developers)

The company

AI-drafted

Prodea Investments is a Greek real estate investment company (REIC) with property in Greece, Cyprus, Italy and Bulgaria at June 2026. It leases offices, shops and warehouses and, through its subsidiary MHV, owns and runs hotels in Greece and Cyprus. It sold €1.4bn of property in 2025. Christophoros Papachristophorou's Invel controls more than 72%.

How it makes moneyH1 2026 · basis: revenue
  • Hospitality446.3%
  • Offices422.1%
  • Other417.9%
  • Retail / big boxes46.9%
  • Logistics45.0%
  • Bank branches42.0%
It is
  • A REIC that leases commercial properties and operates hotels through MHV.4
  • Controlled by Christophoros Papachristophorou's Invel with 72.613% at June 30; Alpha Bank held 9.905%.4
It is not
  • The large FY2025 distribution is not a recurring-dividend commitment: it relied on property sales.1,4
Recent developmentsAll company events →
  • Oct 2026Treasury shares reached 659,911 on 23 October under the buyback programme.5
  • Oct 2026The LOGEON statutory process is complete; the 49% sale remains expected to close in 2026.6
  • Jul 2026€120m of the 2021 green bond repaid early on 31 July, leaving €130m of principal outstanding.3
  • Jul 2026Spin-off of the logistics sector into the wholly owned subsidiary Thriaseus completed.2
Key figures
  • GAV €1,802.440m H1 20264
  • NAV per share €3.94 H1 20264
  • Net LTV 46.0% H1 20264
  • FFO -€15.943m H1 20264
  • Treasury shares 659,911 2026-10-235
Key facts
  • NAV was €3.94 per share and FFO -€15.943m in H1 2026.4
  • At June 30 the portfolio had 103 properties and five operating hotels, with 996 keys at full operation.4
  • The FY2025 dividend totalled €455.2m, including a €400m final distribution in June 2026.1,4
Sources
  1. 1.Annual Financial Report 2025Prodea Investments · 08/04/2026official
  2. 2.Completion of the logistics spin-off to ThriaseusProdea Investments · 06/07/2026official
  3. 3.Early partial repayment of €120m of the 2021 green bondProdea Investments · 16/07/2026official
  4. 4.Interim Financial Report H1 2026 (English)Prodea Investments · 30/09/2026official
  5. 5.Own-share purchase notice, week to 23 October 2026Prodea Investments · 23/10/2026official
  6. 6.Nine-month separate-company financial information (Greek), approved 16 OctoberProdea Investments · 16/10/2026official
AI-drafted from the cited sources · 26/10/2026 · v3 · ✓ checked by an independent second modelProdea Real Estate Investment Company Société AnonymeWebsite ↗
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Data: Twelve Data · End-of-day prices · Nothing here is investment advice.