According to the report by Bolsas y Mercados Españoles (BME) and the real estate consultant Jones Lang Lasalle (JLL) titled “Socimis. Stability and Investment in the Real Estate sector. Market Report 2019”, this investment vehicle has given a profitability of 3.8% in 2018.
In Spain SOCIMIs are regulated under the Law 11/2009, 26th of October. However, they started running after the amendment of the Law dated in 2012.
Currently there are 72 SOCIMIs in Spain. Four out of them (Merlin Properties, Inmobiliaria Colonial, Lar España and Arima Real Estate) are listed in the Spanish Stock Exchanges. The rest are listed in the Alternative Securities Market (MAB for its initials in Spanish).
They have a total current real estate investment volume of 50 billion and a capitalization over 22.3 billion euros.
In 2018 they generated over 2.1 billion euros in rents, 25% more than 2017.
The gross profit amounted 1.5 billion (22% more than 2017).
Since 2012, the SOCIMIs have given dividends that have amounted 1.3 billion euros and their shares have been traded at capital markets for 34.66 billion euros. During the first semester of 2019, the SOCIMIS have been revaluated 14,35% at the capital markets.
It is estimated that there are 141 SOCIMIs in the Euro Area whose market value amounts 140 billion euros.