Neinor Homes reiterates its FY25 EBITDA target of €100-110mn, with 1,701 pre-sold units in 1H25 and over €400mn in disposals since 2023. The company deployed €1.8bn since 2023, targeting +20% IRR. A voluntary tender offer for Aedas is expected to be settled in 4Q25, marking a strategic milestone. Neinor’s total revenues in 1H25 were €148mn, with a 30.6% gross margin and €6mn adjusted net income.

Neinor had a strong commercial performance in 1H25, pre-selling 1,701 units valued at €579mn. The company’s total managed order book reached 4,520 units, representing €1.63bn in future revenues. Neinor successfully monetized its BTR portfolio, generating over €400mn in disposals since 2023. The company also had an active portfolio of 10,762 units.

Neinor has deployed €1.8bn since 2023 with a +20% IRR, exceeding its original target. The company has a residential portfolio of c.31,000 housing units across Spain’s dynamic regions, with significant investments in Madrid and Malaga. Neinor’s CEO and CFO both comment on the success of the investment strategy and future growth prospects.

Neinor Homes is the leading residential property developer in Spain, with a focus on creating attractive risk-adjusted returns for shareholders. The company’s strategies include Build-to-Rent, Build-to-Sell, and senior living rentals. Neinor has a fully integrated development value chain and operates in regions with strong economic fundamentals.

Read more at GlobeNewswire: Neinor Homes accelerates growth in 1H25 with 1,701#