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Metrovacesa to Distribute its Largest Dividend in 4 Years & Expects to Maintain its Record Rate of New Homes

The property developer improved its profits by 64% between January and September and has announced a dividend of 159 million euros to be distributed in December.

Jorge Perez de Leza Metrovacesa 1 1

Metrovacesa has announced its results for the first nine months of the year, which confirm that 2022 was on track to be a record year for the real estate company… but that it is also prepared for what may come. The property developer has reported a 64.6% improvement in profits, a proposed dividend of 159 million euros and a home delivery and construction rate of around 1,600-2,000 units until at least 2024.

That is according to the company itself in a press release that accompanied the presentation of its results sent this morning to the CNMV: “The property developer is continuing to make progress to meet its operating and financial objectives for this fiscal year and beyond, demonstrating the strength of its business model and its financial robustness, despite the uncertainty that characterises the current macroeconomic context”.

Read the full article in Spanish.

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