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Árima’s Profits Fell by 15% in 2020 But its Revenues Rose

The Socimi specialising in tertiary assets did not register any defaulted payments, it increased its income from rentals and it saw its assets appreciate in value; moreover, it does not rule out making new purchases.

The Botanical Building

The Socimi Árima saw its profits fall by 14.9% in 2020 to 13.1 million euros compared to 15.4 million euros the previous year. As such, despite the harsh impact of the Covid crisis on assets such as offices and shopping centres, the Socimi specialising in tertiary assets still managed to stay in the black.

Not only that, the value of its asset portfolio also managed to avoid the effects of the coronavirus and close the year worth 276 million euros, which represents a 24% increase compared to the same period a year earlier, according to a valuation carried out by CBRE. In addition, the Socimi did not record any defaulted payments, it increased its rental income and it revalued its assets during a year dominated by the pandemic.

Read the full article in Spanish.


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