Trastor Real Estate Investment Company
Trastor Real Estate Investment Company (TRASTOR) closed at €0.904 on 26/10/2026, -0.44% on the day. Market cap €356.8m, P/E 6.1, dividend yield 4.42%.
Announcements to the exchange
- 06/10/2026 14:03Written Resolution of the Audit Committee of Société Anonyme «TRASTOR REAL ESTATE INVESTMENT COMPANY"
- 06/10/2026 13:55Written Resolution of the Board of Directors of TRASTOR Real Estate Investment Company
- 06/10/2026 13:30Resignation of a Board of Directors’ Member, Reconstitution of the Board of Directors in a Body & Appointment of Committees Members
- 06/10/2026 09:40TRASTOR completes sale of a property in Glyfada at nearly 60% above its acquisition cost
Key statistics
FY2025 unless a figure says otherwise
Profile
At the 26 Oct close- Market value
- €356.8m
- Enterprise valueDec 2025est.
- €754.3m
- Shares outstandingOct 2026
- 394.7m
- RevenueFY2025
- €42.6m
- Employees
- 19
- Free float
- 16.1%
- Traded a day, 3-month average
- €139.3k
Property
30.06.2026- Price ÷ NAV
- 0.00×
- NAV per share
- €578.30
- Occupancy
- 99.3%
- WAULT
- 6.3years
Valuation
FY2025- P/E
- 6.1×
- P/B
- 0.86×
- EV/Salesest.
- 17.7×
- Dividend yield
- 4.4%
Margins
FY2025- Gross
- —
its accounts show no gross profit
Returns
FY2025- ROE
- 9.1%
- ROA
- 4.2%
- ROE, 5-year averageFY2021–25
- 11.8%
- Tax rate
- 6.2%
Financial health
Dec 2025- Cash
- €26.3m
- Net debt
- €397.5m
- Debt ÷ equity
- 104.6%
Growth
- Revenue, last yearFY2025
- +32.7%
- EPS, last yearFY2025
- +0.7%
- Revenue, 3 yearsFY2022–25, a year
- +22.8%
- Revenue, 5 yearsFY2020–25, a year
- +25.4%
- EPS, 3 yearsFY2022–25, a year
- −13.0%
Dividends
FY2025- Yield, last 12 months
- 4.4%
- Per share
- €0.040
- Payout
- 27.0%
- 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
- −24.6%
- 3 years, a year
- −3.7%
- 5 years, a year
- +3.1%
- 10 years, a year
- +1.5%
- Volatility, 1 year
- 26.8%
- Beta to the General Index
- 0.30×
- Deepest fall, 1 year / 5 years
- −32.8% / −32.8%
- 52-week range
- €0.904–€1.360
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 | TRASTOR | Peer median | Peer range |
|---|---|---|---|
| P/E | 6.1 | 5.9 | 3.1 14.2 |
| P/Bnew shares | 0.86 | 0.72 | 0.51 1.48 |
| P/S | 8.4 | 5.7 | 4.3 17.3 |
| Dividend yield | 4.4% | 5.4% | 3.1% 6.7% |
| Payout ratio | 27.0% | 28.9% | 14.5% 39.4% |
| ROE | 9.1% | 12.2% | 7.0% 19.0% |
| Revenue growth (last full year) | 32.7% | 12.7% | -25.5% 67.8% |
| Net debt | €397.5m | €204.2m | -€14.7m €829.9m |
Peers: REICs
Not compared: LAMDA (property developers)
The company
AI-draftedTrastor is a Greek REIC leasing 66 commercial properties worth €867m, mainly offices and logistics assets in Attica. H1 2026 total income was €28.3m, profit €30.5m and group equity €578.3m. Piraeus Bank held 83.92% at 30 June, before a small September incentive-share issue.
- Sep 2026145,747 free CEO incentive shares began trading; total issued shares reached 394,883,245.9
- Sep 2026H1 results: €28.3m total income, €21.2m adjusted EBITDA and 32.7% net LTV.6
- Sep 2026€0.02 FY2026 interim dividend approved, with payment scheduled for 30 November.8
- Jul 2026A second €90.5m swap raised fixed-or-hedged debt above 78%.6,7
- Jun 2026€38.6m invested in three central Athens buildings.6
- May 2026€150m share capital increase completed.3
- Piraeus Bank held 83.92% at 30 June 2026; 145,747 new CEO incentive shares began trading on 30 September.6,9
- 91.9% of portfolio value is in Athens and 4.7% in Cyprus.2
- As a REIC it is taxed not on profit but at 10% of the ECB rate plus one point on its investments — €2.4m in 2025 — and the dividend carries no withholding tax.1,4
- At 30 June 2026 gross debt was €426.0m and net LTV 32.7%. After the second swap on 31 July, more than 78% of debt was fixed-rate or hedged.6,7
- Its largest tenant, Sklavenitis, provides 10.8% of annualised rent and the top ten provide 44.7%.5
- 1.Annual Financial Report 2025Trastor REIC · 26/02/2026official
- 2.H1 2026 Investment Schedule presentationTrastor REIC · 27/07/2026official
- 3.Announcement on the Outcome of the Combined OfferingTrastor REIC · 15/05/2026official
- 4.Regulatory FrameworkTrastor REIC · 05/08/2026official
- 5.Investors Presentation, the Combined Offering deckTrastor REIC · 01/05/2026official
- 6.H1 2026 reviewed interim financial reportTrastor REIC · 28/09/2026official
- 7.H1 2026 results releaseTrastor REIC · 28/09/2026official
- 8.FY2026 interim dividend timetableTrastor REIC · 28/09/2026official
- 9.Listing of 145,747 incentive sharesTrastor REIC · 29/09/2026official