Prodea Real Estate Investment Company
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
- 30/09/2026 19:13FINANCIAL RESULTS PRESS RELEASE
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
- —
- P/B
- 0.77×
- EV/Salesest.
- 9.2×
- Dividend yield
- 57.0%
not meaningful: a loss
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
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| Metric | PRODEA | Peer median | Peer range |
|---|---|---|---|
| P/E | — | 7.1 | 3.1 14.1 |
| P/B | 0.77 | 0.78 | 0.53 1.47 |
| P/S | 4.3 | 7.3 | 4.3 17.2 |
| Dividend yieldspecial payout | 7.2% | 4.7% | 3.0% 6.7% |
| Payout ratio | 4,300.0% | 27.0% | 14.5% 39.4% |
| ROE | −7.5% | 10.0% | 7.0% 19.0% |
| Revenue growth (last full year) | −2.5% | 22.9% | -25.5% 67.8% |
| Net debt | €829.9m | €204.2m | -€14.7m €397.5m |
Peers: REICs
Not compared: LAMDA (property developers)
The company
AI-draftedProdea 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%.
- 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
- 1.Annual Financial Report 2025Prodea Investments · 08/04/2026official
- 2.Completion of the logistics spin-off to ThriaseusProdea Investments · 06/07/2026official
- 3.Early partial repayment of €120m of the 2021 green bondProdea Investments · 16/07/2026official
- 4.Interim Financial Report H1 2026 (English)Prodea Investments · 30/09/2026official
- 5.Own-share purchase notice, week to 23 October 2026Prodea Investments · 23/10/2026official
- 6.Nine-month separate-company financial information (Greek), approved 16 OctoberProdea Investments · 16/10/2026official