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Socimis and Property Developers Strengthen Their Capital Again as the Duration of the Crisis Remains Uncertain

Loans, capital increases, dividend cancellations ..... Companies are strengthening their financial muscle in the face of possible twists and turns in the economy.

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Image from Ricardo Gomez Angel.

Between 6 April and 24 August, financial institutions granted 771,507 loans to help companies, especially SMEs, handle the Covid crisis. And since the easing of the lockdown restrictions began, Socimis and other real estate companies have continued to expand their treasury share portfolios, refinance loans, subscribe to credits backed by the ICO and launch capital increases.

In the case of the repurchase of shares and treasury shares, some companies have already been doing that, such as Aedas Homes, and the Socimis Lar España, Árima and Merlin Properties. “The key is knowing whether the company is facing a temporary problem, of a liquidity or structural nature; and is using tools to give it time to make other decisions, such as implement ERTEs or request ICO loans, credit extensions or refinancings,” say sources consulted by this newspaper.

Read the full article in Spanish.

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