- Net rents of €11 million rise 9.2 %, underscoring the operational strength of the portfolio.
- The company posts a positive EBITDA of €7.6 million and sharply improves its net result compared with the same period last year, thanks to stronger operations and the April financial restructuring that enhances performance and frees up cash flow for dividends.
- SILICIUS keeps its net LTV steady at 33.2 % with more efficient financing and an extended average maturity of eight years.
- Portfolio occupancy edges up to 86 %, with 113 new leases signed—averaging 5.7 years—and more than 5,000 m² let.
Madrid, 5 August 2025 – SILICIUS Real Estate, a SOCIMI focused on long-term property management with stable rental income, generated gross rents of €13.8 million in the first half of 2025, a 2.3 % increase year-on-year. On a like-for-like basis, rents grew 10.5 %, driven by new lettings and rent indexation, well above annual inflation (2.8 %), showcasing solid portfolio performance.
Net rents reached €11 million, up 9.2 % versus H1 2024, while accounting EBITDA came in at €7.6 million, 0.9 % higher than a year earlier. FFO was positive at €0.4 million, a 93.5 % jump year-on-year. Although the net result remained negative at roughly €1 million, this is a clear improvement on the €8.6 million loss recorded in the same period last year, reflecting rising asset values and a stronger operating margin.
Operational progress and robust commercial activity
During the half-year, SILICIUS lifted occupancy in its operating portfolio by 0.03 percentage points relative to year-end 2024. The company signed 113 new leases covering more than 5,000 m², with shopping centres and offices leading the way. As a result, average occupancy of assets in operation stands at 86 %, with a WAULT of 5.7 years, stable versus the previous quarter.
By segment, residential delivered the strongest like-for-like growth in gross rents (+33.5 %), followed by shopping centres (+17.6 %), offices (+8.3 %), high-street retail (+5.0 %), hotels (+3.3 %) and logistics (+2.8 %).
Asset value and financial structure
At end-June, gross asset value (GAV) totalled €569.8 million, slightly below year-end 2024 due to €16.9 million of non-strategic disposals, partially offset by new Capex investments.
In April the company completed a long-term restructuring of its financial debt, securing a new €163.3 million syndicated facility. The deal lowers the average interest rate to 4.30 % (-16.2 % versus FY 2024), keeps net LTV stable at 33.2 % and extends the average maturity to eight years, creating a more flexible, efficient capital structure aligned with its strategic growth plan to generate value for shareholders.
