Board Change • May 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Pilar Sanz was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 07
Hotei Properties Group Socimi S.A., Annual General Meeting, Jun 10, 2026 Hotei Properties Group Socimi S.A., Annual General Meeting, Jun 10, 2026. Location: paseo de la habana 74, madrid., Spain New Risk • Apr 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Announcement • Mar 12
Nordeste Properties SOCIMI, S.A. (BME:SCHST) acquired Meliá Bilbao Hotel from Hotei Properties Group Socimi S.A. (BME:YHTI) for €63 million. Nordeste Properties SOCIMI, S.A. (BME:SCHST) acquired Meliá Bilbao Hotel from Hotei Properties Group Socimi S.A. (BME:YHTI) for €63 million on March 10, 2026.
Nordeste Properties SOCIMI, S.A. (BME:SCHST) completed the acquisition of Meliá Bilbao Hotel from Hotei Properties Group Socimi S.A. (BME:YHTI) on March 10, 2026. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.78, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Hotel and Resort REITs industry globally. Total returns to shareholders of 37% over the past three years. Major Estimate Revision • Nov 21
Consensus EPS estimates increase by 357% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €0.07 to €0.32. Revenue forecast unchanged at €26.0m. Net income forecast to shrink 39% next year vs 8.5% growth forecast for Hotel and Resort REITs industry in Spain . Consensus price target of €2.70 unchanged from last update. Share price was steady at €2.44 over the past week. Reported Earnings • Oct 12
First half 2025 earnings released: EPS: €0.30 (vs €0.022 in 1H 2024) First half 2025 results: EPS: €0.30 (up from €0.022 in 1H 2024). Revenue: €13.4m (up 35% from 1H 2024). Net income: €34.9m (up €32.3m from 1H 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Global Hotel and Resort REITs industry. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Oct 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 34% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 34% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (271% cash payout ratio). Large one-off items impacting financial results. New Risk • Oct 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Large one-off items impacting financial results. Major Estimate Revision • Oct 05
Consensus revenue estimates fall by 24% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €34.0m to €26.0m. EPS estimate fell from €0.10 to €0.07 per share. Net income forecast to shrink 28% next year vs 4.2% decline forecast for Hotel and Resort REITs industry in Spain. Consensus price target down from €3.50 to €2.70. Share price fell 4.8% to €2.00 over the past week. Price Target Changed • Oct 03
Price target decreased by 21% to €2.70 Down from €3.40, the current price target is provided by 1 analyst. New target price is 35% above last closing price of €2.00. The company is forecast to post earnings per share of €0.07 for next year compared to €0.096 last year. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 39% After last week's 39% share price decline to €2.12, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Hotel and Resort REITs industry globally. Total loss to shareholders of 5.9% over the past three years. Announcement • Jul 15
Millenium Hospitality Real Estate, SOCIMI, S.A. announces Annual dividend, payable on July 11, 2025 Millenium Hospitality Real Estate, SOCIMI, S.A. announced Annual dividend of EUR 0.0946 per share payable on July 11, 2025, ex-date on July 09, 2025 and record date on July 10, 2025. New Risk • Jul 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 304% Minor Risks Share price has been volatile over the past 3 months (4.9% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €2.86, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Hotel and Resort REITs industry globally. Total loss to shareholders of 29% over the past three years. Announcement • May 30
Millenium Hospitality Real Estate, SOCIMI, S.A., Annual General Meeting, Jun 30, 2025 Millenium Hospitality Real Estate, SOCIMI, S.A., Annual General Meeting, Jun 30, 2025. Location: paseo de la castellana 50, madrid Spain New Risk • Mar 24
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 304% Dividend yield: 4.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 304% Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 23
Full year 2024 earnings released: EPS: €0.10 (vs €0.025 loss in FY 2023) Full year 2024 results: EPS: €0.10 (up from €0.025 loss in FY 2023). Revenue: €26.4m (up 19% from FY 2023). Net income: €11.2m (up €14.1m from FY 2023). Profit margin: 42% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Global Hotel and Resort REITs industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Board Change • Nov 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Pilar Sanz was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 12
Sancus Capital SGEIC S.A has signed a strategic agreement to acquire an unknown minority stake in Millenium Hospitality Real Estate, SOCIMI, S.A. (BME:YMHRE). Sancus Capital SGEIC S.A has signed a strategic agreement to acquire an unknown minority stake in Millenium Hospitality Real Estate, SOCIMI, S.A. (BME:YMHRE) on November 11, 2024. The backbone of this agreement is the appointment of Borja Escalada, founding partner of Sancus, as the new Chief Executive Officer of Millenium ; the takeover of the management of the fund with his team, and the purchase of up to 10% of the capital of the socimi. Luis Basagoiti will continue as president.
Millenium 's board of directors has given the green light to the agreement on Monday morning and will submit it to a vote of all shareholders at an Extraordinary General Meeting to be held on December 16 , the REIT has communicated to BME Growth, the market on which it is listed. Reported Earnings • Sep 26
First half 2024 earnings released: EPS: €0.018 (vs €0.047 in 1H 2023) First half 2024 results: EPS: €0.018 (down from €0.047 in 1H 2023). Revenue: €12.2m (up 23% from 1H 2023). Net income: €2.08m (down 62% from 1H 2023). Profit margin: 17% (down from 55% in 1H 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Global Hotel and Resort REITs industry. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Board Change • Jul 12
High number of new directors Proprietary Director Pablo Vazquez was the last director to join the board, commencing their role in 2024. Announcement • May 22
Millenium Hospitality Real Estate, SOCIMI, S.A., Annual General Meeting, Jun 21, 2024 Millenium Hospitality Real Estate, SOCIMI, S.A., Annual General Meeting, Jun 21, 2024. Location: paseo de la, castellana 50, madrid Spain Reported Earnings • Apr 18
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: €0.03 loss per share (down from €0.12 profit in FY 2022). Revenue: €22.2m (up 80% from FY 2022). Net loss: €2.93m (down 125% from profit in FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Global Hotel and Resort REITs industry. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 16
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €23.0m to €22.0m. Now expected to report a loss of €0.03 per share instead of €0.07 per share profit previously forecast. Hotel and Resort REITs industry in Spain expected to see average net income decline 5.7% next year. Consensus price target down from €4.10 to €3.40. Share price rose 3.6% to €2.30 over the past week. New Risk • Apr 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.8% net profit margin). Major Estimate Revision • Oct 12
Consensus EPS estimates increase by 250% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €0.02 to €0.07. Revenue forecast unchanged at €23.0m. Net income forecast to grow 781% next year vs 29% decline forecast for Hotel and Resort REITs industry in Spain. Consensus price target of €4.10 unchanged from last update. Share price was steady at €3.04 over the past week. Reported Earnings • Sep 25
First half 2023 earnings released: EPS: €0.047 (vs €0.19 in 1H 2022) First half 2023 results: EPS: €0.047 (down from €0.19 in 1H 2022). Revenue: €9.93m (up 80% from 1H 2022). Net income: €5.47m (down 65% from 1H 2022). Profit margin: 55% (down from 287% in 1H 2022). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Global Hotel and Resort REITs industry. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Javier Barcelo was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Oct 28
Millenium Hospitality Real Estate, SOCIMI, S.A. (BME:YMHRE) acquired Iberostar Las Letras Gran Vía for €70 million. Millenium Hospitality Real Estate, SOCIMI, S.A. (BME:YMHRE) acquired Iberostar Las Letras Gran Vía for €70 million on October 27, 2022.
Millenium Hospitality Real Estate, SOCIMI, S.A. (BME:YMHRE) completed the acquisition of Iberostar Las Letras Gran Vía on October 27, 2022. Announcement • Jul 30
Building located at number 19 Zorrilla Street in Spain acquired Millenium Hospitality Real Estate, SOCIMI, S.A. (BME:YMHRE) for €30 million. Building located at number 19 Zorrilla Street in Spain acquired Millenium Hospitality Real Estate, SOCIMI, S.A. (BME:YMHRE) for €30 million on July 27, 2022.
Building located at number 19 Zorrilla Street in Spain completed the acquisition of Millenium Hospitality Real Estate, SOCIMI, S.A. (BME:YMHRE) on July 27, 2022. Board Change • Apr 27
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Jaime Montalvo Correa is the most experienced director on the board, commencing their role in 2019. Independent Director Javier Barcelo was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Is New 90 Day High Low • Mar 11
New 90-day low: €4.20 The company is down 7.0% from its price of €4.50 on 11 December 2020. The Spanish market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 5.0% over the same period. Is New 90 Day High Low • Feb 06
New 90-day low: €4.36 The company is down 4.0% from its price of €4.54 on 06 November 2020. The Spanish market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: €4.42 The company is down 2.0% from its price of €4.50 on 13 October 2020. The Spanish market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 7.0% over the same period. Announcement • Jul 24
Millenium Hotels Real Estate I SOCIMI, S.A. has completed a Follow-on Equity Offering in the amount of €18.4 million. Millenium Hotels Real Estate I SOCIMI, S.A. has completed a Follow-on Equity Offering in the amount of €18.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,680,000
Price\Range: €5
Transaction Features: Regulation S; Rights Offering