SAINT CROIX HOLDING IMMOBILIER SOCIMI SA
Axesor Rating affirms the rating of Saint Croix Holding Immobilier SOCIMI, S.A. at "BBB" with Stable outlook. The real estate company manages a portfolio of 31 assets of different types (offices, commercial premises, hotels, industry assets) located mainly in Madrid and Huelva, with a combined valuation of € 566.6M and an occupancy rate of over 92%. Its turnover and EBITDA reached respectively € 20MM and € 15.5MM (77.3% margin) in 2020, with adequate NFD/EBITDA ratios of 5.5x and LTV of 16%.
Date last rating: 05/10/2021
Date first rating: 08/14/2015