Lar España Real Estate Socimi, S.A. Reports Earnings Results for the Full Year Ended December 31, 2020
February 25, 2021 at 01:07 pm
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Lar España Real Estate SOCIMI, S.A. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced operating loss was EUR 30.955 million compared to operating Income of EUR 99.297 million a year ago. Net loss was EUR 53.668 million compared to net income of EUR 80.730 million a year ago. Basic loss per share from continuing operations was EUR 0.63 compared to basic earnings per share from continuing operations of EUR 0.9 a year ago.
Lar Espana Real Estate SOCIMI SA is a Spain-based company primarily engaged in the operation of retail Real Estate Investment Trusts (REITs). The Company specializes in acquiring, managing and renting real estate assets within the Spanish market. Its business activities are divided into three segments: Shopping Centers, Offices, as well as Logistics. The Shopping Centers area is responsible for operation of a number of shopping malls, namely Txingudi, Las Huertas, Albacenter, Anec Blau, Hiper Albacenter, and Nuevo Alisal, among others. The Offices segment invests in office properties, such as Arturo Soria, Cardenal Marcelo Spinola, Egeo and Eloy Gonzalo. The Logistics division focuses on managing logistics warehouses, including Alovera I and Alovera II. The Company also owns a plot for residential properties development. It is a parent of a number of entities, such as Lar Espana Inversion Logistica SA, Gran Via Centrum Holdings SAU, Global Noctua and Puerta Maritima Ondara.
LAR ESPAÑA REAL ESTATE SOCIMI, S.A. 
