May 2026
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Largest Asset Management Public Companies in Spain
Benchmark revenue and EBITDA valuation multiples for public comps like
Merlin Properties, General de Galerias, Colonial SFL, Vivenio Residencial and Montepino.
 | Merlin Properties SOCIMI SA is a Spain-based company engaged in the operation of the real estate investment trust. The main activity of the company is the acquisition, active management, operation, and selective rotation of quality commercial real estate assets in the "Core" and "Core-Plus" investment segments, mainly in Spain and, to a lesser extent, in Portugal. Its segments are based on the type of assets namely Office buildings, Data Centers, Shopping centers, Logistics Warehouses, and others. The company generates the maximum revenue from the Office buildings segment. | $18 | +39% | $11B | $15B | 24.2x | 13.7x | ||
| General De GalerĂas Comerciales Socimi SA is a Spanish investment real estate company. The company is specialized in developing, acquiring and managing quality tertiary real estate assets in the Spanish market. It manages six shopping centres, being five of them located in AndalucĂa and the other one in Cataluna. | $187 | +14% | $5B | $5B | 18.8x | 18.1x | ||
| Colonial Sfl Socimi SA is a real estate company. The company and its subsidiaries are in the business of lease and disposal of movable property and real estate. It specializes in leasing of offices in prime areas. The firm has rental business and land and development business segments. The activities of these segments include office rentals, shopping centers managed by Riofisa subgroup. The company mainly operates in Barcelona, Madrid, and Paris. | $7 | -3% | $4B | $10B | 20.8x | 18.0x | ||
| Vivenio Residencial Socimi SA is a real estate investment trust. The company focuses on the rental housing sector in Spain. | $2 | +0% | $1B | $2B | 22.4x | 13.1x | ||
| Montepino LogĂstica SOCIMI SA is a Spanish real estate investment company. The company focuses on logistics asset development in strategic corridors or sites to be leased by logistic operators, couriers, last-mile operators, or other companies that use the facilities for product storage and distribution. The company’s only activity was the development of logistics facilities for lease. | $12 | +8% | $1B | $2B | 24.8x | 13.6x | ||
| Renta 4 Banco SA is an asset management company providing wealth management, brokerage services, and corporate advisory services. It operates through a network of branches, agents, and subsidiaries spread widely across Spain and offers services to individuals and financial intermediaries, and small and medium-sized enterprises. Its activities include the provision of investment services, and the acquisition, holding, exploitation, administration, and disposal of all manner of transferable securities. It has three businesses as a reportable segment Intermediation, Portfolio, and asset management and advice, and Corporate Services. | $22 | +21% | $907M | $907M | 4.4x | - | ||
| Atom Hoteles Socimi SA is a real estate investment trust focused on hotel industry. The company engages in acquisition, management and development of real estate assets for lease in the hotel industry. | $21 | +21% | $665M | $974M | 13.0x | 10.3x | ||
| Testa Residencial Socimi SA is a real estate investment trust. The company is a property company in the rental housing sector. Its portfolio includes residential and retail properties. | $4 | +5% | $502M | $2B | 16.1x | 9.0x | ||
| Fidere Patrimonio Socimi SA is a real estate investment company. It is focused on the acquisition, leasing and management of residential properties in Spain. | $47 | +19% | $469M | $928M | 15.0x | 9.4x | ||
| Alantra Partners SA is an investment banking and asset management firm. The company is focusing on the mid-market with offices across Europe, the United States, Asia, and America. The company's business activities are split into the following segments: Financial Advisory, Asset Management, Structural, Portfolio and Other. Financial Advisory segment covers the provision of financial advisory services to companies or entities in corporate finance operations and the provision of stock market brokerage and analysis services to institutional investors. Its Portfolio business segment is engaged in obtaining capital gains by investing and subsequently selling stakes in companies or investment funds or vehicles. | $12 | +33% | $454M | $344M | 1.4x | 7.2x | ||
| Millenium Hospitality Real Estate Socimi SA is a real estate vehicle that specializes in developing and investing in hotels in excellent locations. Its operating segments include the Leasing of hotels, and Other activities. | $3 | -19% | $369M | $519M | 16.5x | 15.5x | ||
| Vitruvio Real Estate SOCIMI SA is a real estate investment trust. The company is primarily engaged in the acquisition and management of properties mainly located in Madrid. Vitruvio owns a diversified portfolio consisting of residential, offices, commercial and industrial properties. | $21 | +16% | $312M | $384M | 23.0x | 21.8x | ||
| All Iron Re I Socimi SA is an alternative investment asset manager investing in private markets in Europe. The company manages investment vehicles in two main areas real estate and venture capital. | $17 | +25% | $268M | $395M | 44.8x | 22.1x | ||
| Olimpo Real Estate SOCIMI SA is engaged in the acquisition and management of commercial real estate assets in Spain and Portugal. Its main objective is to generate value for its clients through the long-term management of commercial real estate assets. | $1 | +3% | $229M | $389M | 14.3x | 11.3x | ||
| Indexa Capital Group SA is an asset management company. The objective of the company is to search for capital to manage from investors who seek to obtain more or less profitability in exchange for assuming more or less risk. | $15 | +21% | $220M | $219M | 28.5x | 137.8x | ||
| Lafinca Global Assets Socimi SA is a real estate investment trust. The company is engaged in acquisition and development of urban properties. Its portfolio includes residential and office buildings, and restaurants. | $5 | -- | $193M | $666M | 10.9x | 16.1x | ||
| Inversiones Doalca Socimi SA operates as a real estate investment trust. The Company invests in rental properties. It owns 8 properties in the city of Madrid, two buildings in the city of Barcelona and a rustic plot with buildings in the city of Toledo. It is dedicated to offices and commercial premises. | $30 | +2% | $181M | $185M | 13.2x | 17.7x | ||
| ISC Freshwater Investment Socimi SA is a real estate investment trust engaged in the acquisition and promotion of urban real estate for lease. | $21 | -- | $157M | $294M | 9.3x | 9.4x | ||
| Adriano Care Socimi SA is engaged in creating a real estate portfolio of assets related to the elderly, with the purpose of maximizing shareholder's returns through active asset management of the acquired. Its portfolio includes geriatric residences, homes adapted for the elderly, and other care centers for this group. | $12 | +4% | $139M | $257M | 12.7x | 14.4x | ||
| Torimbia Socimi SA is a real estate investment fund. The company specializes in the investment, leasing and management of real estate assets owned, of an urban nature (hotels, offices and commercial premises) located in Madrid. | $28 | +11% | $136M | $227M | 14.6x | 9.0x | ||
| Tander Inversiones Socimi SA focuses on the acquisition of high street retail commercial use properties. | $14 | +17% | $132M | $242M | 23.5x | 28.7x | ||
| Entrecampos Cuatro Socimi SA is a real estate investment trust. The company is engaged in managing real estate for lease including homes, offices, shops, hotels and nursing homes. | $2 | +1% | $119M | $144M | 15.7x | 20.3x | ||
| GOP Properties Socimi SA is a Real Estate Investment Trust. The purpose of the company is to manage and operate a diversified portfolio of assets. Its assets are located mainly in Madrid. The main strategy of the company is aimed at generating recurring income for the shareholder and the creation of value in the assets of its present and future portfolio. | $20 | +10% | $119M | $190M | 13.9x | 12.4x | ||
| Hispanotels Inversiones Socimi SA is a real estate investment trust company which invests in hotel, office, residential and commercial real estate. The objective of the company is the generation of recurring income in its activity to be able to remunerate the shareholder quarterly. | $11 | +20% | $118M | $121M | 11.7x | 11.4x | ||
| Serrano 61 Desarrollo Socimi SA is s real estate investment fund. The company focuses its investments in the retail sector like shopping malls and parking spaces. | $23 | +1% | $115M | $157M | 28.7x | 96.6x | ||
| Veracruz Properties Socimi SA is engaged in acquisition and promotion of real estate of an urban nature for lease, holding of shares in the capital of other SOCIMIs or other entities with the corporate purpose of acquiring real estate of an urban nature and the holding of shares or participations in Investment Institutions Real Estate Collective. Its properties include shopping centers, residences, and business park. | $37 | -- | $112M | $143M | 10.9x | 18.4x | ||
| Meridia Real Estate III Socimi SA operates as a real estate investment trust. It invests in all real estate segments, especially offices and logistics, in Madrid and Barcelona. | $1 | -7% | $111M | $158M | 3.0x | (12.2x) | ||
| Advero Properties Socimi operates in the real estate industry. The company concentrates its investments exclusively in residential assets, located on the outskirts of large cities or middle-income neighborhoods, with full ownership of the property to facilitate the creation of cohesive tenant communities. | $16 | +1% | $106M | $102M | 22.5x | 48.4x | ||
| IBI Lion Socimi SA is focused on the acquisition of yield-bearing assets such as offices, industrial, logistic, and high street retail in the main cities of Spain. The company applies a selective purchase mechanism, aiming for real estate assets with a high potential to generate a steady income. | $1 | +6% | $102M | $147M | 21.9x | 26.6x | ||
| Azaria Rental Socimi SA is a real estate investment company. The company focuses its investments on industrial and office spaces. | $10 | -- | $92M | $148M | 20.4x | 23.3x | ||
| Milepro Logistica De Ultima Milla Socimi is a Spanish company with a primary objective of creating a high-quality real estate portfolio of assets related to the last-mile logistics sector. It achieves this objective through the active management of the acquired assets, including investments in the improvement and transformation of these assets to provide a high-quality service in the growing e-commerce industry. | -- | -- | $74M | $72M | 25.8x | (128.8x) | ||
| Inversa Prime Socimi SA operates as a real estate investment trust. It focuses on the acquisition of residential homes. | $1 | -22% | $71M | $116M | 29.6x | 12.7x | ||
| Arrienda Rental Properties Socimi SA is engaged in acquisition and promotion of urban real estate for lease. | $3 | -3% | $68M | $93M | 17.8x | 18.6x | ||
| Inbest Prime VI Inmuebles Socimi SA is a company whose objective is the acquisition and management of first class real estate assets located in Spain's main cities. | $1 | +1% | $48M | $48M | - | (1213.9x) | ||
| AP67 Socimi SA operates as a real estate investment trust. The firm's main activity is the acquisition and management of real estate assets in Spain. | $7 | +1% | $47M | $91M | 17.3x | 25.0x | ||
| Ktesios Real Estate SOCIMI SA is a classic real estate company, specializing in investing at discounted prices in residential assets for long-term rent, located in small municipalities in Spain and Portugal with a favorable economic environment. It aims to professionalize the sector by investing in such locations and by offering quality housing at affordable rents, offering to all types of investors a sustainable and stable investment. | $24 | +9% | $45M | $57M | 13.8x | 36.9x | ||
| Home Capital Rentals Socimi SA is a company dedicated to the acquisition and rehabilitation of residential real estate assets for rental in the corporate market. | $7 | -6% | $43M | $73M | 16.4x | 84.8x | ||
| VBARE Iberian Properties SOCIMI SA is a real estate investment vehicle engaged in the acquisition and management of residential assets for lease. In addition, the firm focuses on investing in assets whose prices are below their market value. Its real estate portfolio includes some properties located in Madrid, Spain. | $12 | -- | $41M | $68M | 22.4x | 30.3x | ||
| Numulae Gestion De Servicios SOCIMI SA is a Spanish Real Estate Company. Its assets are located in the El Arcangel Shopping Center providing shopping, service, fashion, restaurant and leisure. The company objective is to acquire possession, acquisition and promotion of real estate of an urban nature for its lease including the activity of rehabilitation of buildings. | $3 | +17% | $40M | $62M | 8.6x | 26.4x | ||
| Quonia SOCIMI SA is a real estate investment company focused on selecting, acquiring and managing real estate assets. Its core is based on developing buildings to lease, as well as retail and office properties, with sustainable income and low risk. The property portfolio of the group includes properties, which are located in various cities, such as Barcelona, Langreo and Seville, Spain. The company offers various services including market studies, rehabilitation projects, exploitation and development and patrimonial portfolio. | $1 | -13% | $39M | $49M | 11.0x | 15.4x | ||
| Inmobiliaria Park Rose Iberoamericana Socimi SA operates as a real estate investment trust. The firm's portfolio consists of Commercial office buildings, supermarkets, and others. | $2 | -4% | $30M | $42M | 19.4x | 23.4x | ||
| Orinoquia Real Estate Socimi SA is a real estate investment firm operating in the tourist apartment and alternative accommodation segment. The activity of the company is the acquisition and management of real estate assets in Spain, focusing on maximizing and optimizing shareholder profitability through active and efficient management of the acquired properties. | $2 | +5% | $25M | $25M | 8.1x | 8.1x | ||
| Domo Activos SA operates as a real estate investment trust. It focuses its investments on residential properties. The company is a public limited company that engages in real estate development. Its shares are listed for trading on BME Growth in the Real Estate and Others subsector of the real estate services sector. | $2 | +13% | $18M | $8M | - | (10.7x) | ||
| Inbest Prime VII Inmuebles Socimi SA aims to acquire and manage first-class real estate assets located in the main Spanish cities. The objective of the Company is to create a portfolio with buildings and premises, and stores located in the main commercial sections of cities such as Madrid, Bilbao, Valencia, and Las Palmas. | $1 | -6% | $16M | $16M | - | (289.7x) | ||
| Greenoak Spain Holdings Socimi II SA is focused on the acquisition, leasing and management of real estate assets in Spain. It explores investment opportunities in the Spanish real estate market, being focused on the acquisition, leasing and management of logistic assets and offices in Spain. | $2 | +0% | $13M | $41M | 17.3x | (6.5x) | ||
| Elaia Investment Spain Socimi SA is a real estate investment trust company. The company acquires and leases residential assets and tourism assets. | $1 | -21% | $12M | $22M | 4.4x | 4.1x | ||
| Tarjar Xairo SOCIMI SA is a real estate investment trust. The company holds properties in the community of Madrid and an industrial warehouse in the community of Valencia. | $67 | +1% | $12M | $17M | 17.7x | 26.6x | ||
| Nextpoint Capital Socimi SA is a Spanish company specialized in acquiring and managing senior care homes, touristic and residential buildings, located in the main cities in Spain, on behalf of investors and managers whose goal is to maximize their returns on Real Estate investments. | $10 | -- | $10M | $40M | 10.3x | 9.5x | ||
| Trajano Iberia SOCIMI SA manages a portfolio of two shopping centres and a mixed use office/high street retail. Its assets include NOSSO SHOPPING DOURO and ALCALA MAGNA. | $0 | -86% | $6M | $81M | 5.0x | 5.9x | ||
| Median | $10 | +4% | $115M | $148M | 16.2x | 14.9x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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