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TRASTORReal Estate · REIT - Diversified · ΧΑ

Trastor Real Estate Investment Company

€0.904
−0.00(−0.44%)
Close 26/10/2026 · end-of-day price, not real-time

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%.

My view
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−28.0%6M
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26/10/2026Close 0.904−0.44%−28.0% since start

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
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
MetricTRASTORPeer median
P/E6.15.9
P/Bnew shares0.860.72
P/S8.45.7
Dividend yield4.4%5.4%
Payout ratio27.0%28.9%
ROE9.1%12.2%
Revenue growth (last full year)32.7%12.7%
Net debt€397.5m€204.2m
Twelve Data · latest quarter 31/12/2025

Peers: REICs

Dividend yieldDay
Prodea Real Estate Investment CompanyPRODEA7.2%+0.7%
Trastor Real Estate Investment CompanyTRASTOR4.4%−0.4%
Noval Property Real Estate Investment CompanyNOVAL3.1%+0.4%
Trade Estates Real Estate Investment CompanyTRESTATES6.7%+0.3%
Ble Kedros R.E.I.C.BLEKEDROS8.0%+0.0%
PremiaPREMIA4.7%+1.3%
BriQ Properties Real EstateBRIQ6.1%+0.6%

Not compared: LAMDA (property developers)

The company

AI-drafted

Trastor 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.

How it makes moneyH1 2026 · basis: revenue
  • Offices654.4%
  • Logistics628.3%
  • Mixed-use68.7%
  • Retail stores68.1%
  • Other properties60.5%
It is
  • A landlord living on contracted, inflation-indexed rent: 66 properties worth €867m at 30 June 2026, with 96% of leases indexed.2
  • Controlled by Piraeus Bank, which held 83.92% at 30 June 2026 and is its largest lender.6
It is not
  • Not a developer-for-sale: it develops and upgrades buildings for its rental portfolio, spending €10.5m on that in 2025 against €75.2m on two property-company acquisitions.1
  • Not a redeemable fund: group NAV was €1.465 per share at 30 June 2026, before the small September share issue.6,9
Recent developmentsAll company events →
  • 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
Key figures
  • Gross asset value €867.0m 30.06.20262
  • Occupancy 99.3% 30.06.20262
  • WAULT 6.3 yrs 30.06.20262
  • NAV per share €1.465 30.06.20266
  • Net loan-to-value 32.7% 30.06.20266
Key facts
  • 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
Sources
  1. 1.Annual Financial Report 2025Trastor REIC · 26/02/2026official
  2. 2.H1 2026 Investment Schedule presentationTrastor REIC · 27/07/2026official
  3. 3.Announcement on the Outcome of the Combined OfferingTrastor REIC · 15/05/2026official
  4. 4.Regulatory FrameworkTrastor REIC · 05/08/2026official
  5. 5.Investors Presentation, the Combined Offering deckTrastor REIC · 01/05/2026official
  6. 6.H1 2026 reviewed interim financial reportTrastor REIC · 28/09/2026official
  7. 7.H1 2026 results releaseTrastor REIC · 28/09/2026official
  8. 8.FY2026 interim dividend timetableTrastor REIC · 28/09/2026official
  9. 9.Listing of 145,747 incentive sharesTrastor REIC · 29/09/2026official
AI-drafted from the cited sources · 01/10/2026 · v2 · ✓ checked by an independent second modelTrastor Real Estate Investment CompanyWebsite ↗
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Data: Twelve Data · End-of-day prices · Nothing here is investment advice.