- The company reports an EBITDA of €5.1 million, up 27.1% from the same period last year, and continues to deliver solid long-term rental growth supported by new leases and rent escalations.
- Portfolio occupancy rose by 0.9% compared to year-end 2024, driven mainly by strong performance in the Shopping Centres and Office segments.
- SILICIUS signed 75 new lease agreements this quarter, covering over 3,900 sqm, and maintains a Loan-to-Value (LTV) ratio of 33%.
- In May, the company completed the long-term structuring of €188 million in financial debt, enabling the continued development of its strategic growth plan.
Madrid, 2 June, 2025 – SILICIUS Real Estate, a SOCIMI specialising in long-term management of income-generating properties, increased its gross rental income to €7.6 million in Q1 2025, representing a like-for-like growth of 10.3% compared to the same period last year. This performance reflects the strength and success of new lease agreements signed during the quarter. Net rental income reached €6.2 million, up 16.3% year-on-year.
Throughout the first quarter, the company recorded rent growth above inflation across all segments, driven by new leases, rental updates, and escalations. By asset type, the Residential segment led growth with a 29.3% increase in comparable rents, followed by Shopping Centres (+19.7%), Offices (+7.8%), Retail (+5.1%), Logistics (+2.8%), and Hotels (+0.8%).
On the leasing front, SILICIUS signed 75 new lease agreements during the quarter, covering more than 3,900 sqm, consolidating and expanding its portfolio.
Total occupancy in the operating asset portfolio rose by 0.6% compared to year-end 2024, supported by new lease contracts primarily in the Shopping Centres and Office segments. The average weighted lease term stood at 5.9 years.
The company reported an accounting EBITDA of €5.1 million, representing a 27.1% increase from the same period last year. Net profit amounted to €2.9 million, while funds from operations (FFO) reached €2 million — a 195% increase over Q1 2024 — driven by lower operating and financial costs. As of the end of the period, and before the debt restructuring signed in May, SILICIUS held a stable LTV ratio of 33.3%, with an average interest rate of 5.14% and an average debt maturity of 5 years.
At the end of the first quarter, the company’s portfolio consisted of 31 assets with a gross asset value (GAV) of €577 million. Of this total, 33% corresponds to the Hotel segment, 26% to Shopping Centres, 16% to Retail, 14% to Offices, 11% to Residential, and 1% to Logistics.
In line with its commitment to delivering shareholder value, SILICIUS completed in May the long-term structuring of its €188 million in financial debt. This new financing arrangement aligns the terms and conditions of its main funding sources, extends maturities, and establishes a more flexible and cost-effective financial structure to support the company’s strategic growth plan.
