The distribution of dividends is the order of the day for Socimis. The main reason is that the law regulating them obliges them to distribute 80% of the profits they generate from the rental of their properties to their shareholders.
The Socimis listed on the Spanish Stock Exchange are not currently enjoying an attractive market cycle, with marked differences between the value of their assets and their market capitalisations. However, José Ramón Iturriaga, Partner at Abante Asesores, believes that this situation may soon be reversed: “The Socimis are off the radar because they are Spanish, but Spain is soon going to come onto the radar of large investors because when interest rates are negative, the country is doing well. I predict good times for the Socimis over the coming years, I believe that the right circumstances are in place and that we have a good tailwind”.
Read the full article in Spanish.
