Corporate
Outlook: Positive
Action date: 05/20/2021
Rating action: New

RENTA CORPORACION REAL ESTATE SOCIEDAD ANONIMA

Axesor Rating assigns, for the first time, a "BB-" rating with Positive Oulook to Renta Corporación Real Estate. The company operates within the real estate sector in Spain, through its main business segments: Transactional and Patrimonial. In 2020 registered a total revenue of € 45.6MM, a margin of operations of € 4.2MM and a negative EBITDA. In terms of financial structure, equity represented 1.2 times of total financial debt. The group is listed on the Spanish Stock Exchange since 2006, with a market capitalization of € 73MM, as of 20/05/2021.

Rating

Solicited
Date last rating: 05/20/2021
Date first rating: 05/20/2021