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The Socimis Are Trading At A 40% Discount Compared to Their Asset Value, According to CBRE

Coronavirus has resulted in a loss in value of 8% for retail portfolios and 2% for offices, according to the consulting firm CBRE.

In terms of the real estate assets owned by Spain’s Socimis and listed real estate companies, the logistics and multi-family residential sectors closed 2020 with a positive variation in the valuation of their assets.

Meanwhile, assets belonging to the retail and office sectors experienced a reduction in their valuations, based on data from CBRE’s Index for the fourth quarter. This valuation index for real estate assets belonging to listed companies, developed by CBRE’s Valuation & Advisory Services team, assesses the impact on asset portfolios by business segment.

Read the full article in Spanish.

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