Messi's real estate trust debuts in Spain with 223 mln euro market cap
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 31 2024
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Source: Reuters
Messi's Real Estate Venture: Lionel Messi's real estate investment trust, Edificio Rostower Socimi, debuted on the Spanish market at 57.4 euros per share, with a market capitalization of 223 million euros, and is currently solely owned by Messi's family investment vehicle.
Future Plans and Challenges: The trust plans to open up to new investors, but it reported a loss of 1.7 million euros in 2023 and faces potential changes in corporate tax rates for real estate investment trusts in Spain, which have not yet gained parliamentary support.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
