Arima Real Estate SOCIMI SA (ARM) AI Stock Analysis

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Arima Real Estate SOCIMI SA

(BME:ARM)

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Rating:65.5Neutral

Price Target:EUR 15.00▲(13.64% Upside)

Action:reiterated

Date:09/30/26

The score is driven primarily by improving financial performance (notable TTM profitability and growth, but with volatility and only moderate cash conversion). Technicals add support due to a clear uptrend with positive momentum. Valuation is a headwind overall: the high dividend yield helps, but the elevated P/E limits upside confidence given the recent history of uneven earnings.

Positive Factors

Revenue and Profit RecoveryThe TTM rebound shows that Arima has restored profitability while expanding revenue, strengthening its near-term operating base. If rental income and property performance remain resilient, this recovery can support reinvestment, shareholder distributions, and improved financial flexibility over the next several quarters.

Negative Factors

Volatile ProfitabilityThe sharp swings between profits and substantial losses make the current earnings rebound less dependable as a durable baseline. This volatility suggests that profitability remains sensitive to property-market or valuation effects, reducing confidence in consistent earnings and shareholder returns across the cycle.

Arima Real Estate SOCIMI SA (ARM) vs. iShares MSCI Spain ETF (EWP)

Market Cap: EUR 317.68M
Dividend Yield: 7.63%
Average Volume (3M): 2,404
Price to Earnings (P/E): 13.7
Beta (1Y): 0.34
Revenue Growth: 209.70%
EPS Growth: ―
Country: Spain
Employees: 8
Sector: Real Estate
Sector Strength: 65
Industry: REIT - Office

Arima Real Estate SOCIMI SA Business Overview & Revenue Model

Company Description

Árima Real Estate SOCIMI, S.A. is headquartered in Madrid, Madrid, Spain. Árima Real Estate SOCIMI, S.A. operates as a subsidiary of Jss Global Real Estate Fund Master Holding Company S.à R.L.

How the Company Makes Money

Arima Real Estate SOCIMI SA generates revenue primarily by leasing its real estate assets to tenants under rental agreements. Its core revenue stream is recurring rental income (base rent and, where applicable, contractually defined rent indexation o...

Arima Real Estate SOCIMI SA Financial Statement Overview

Summary

Financials show a clear TTM rebound (income statement score 72) with strong revenue growth and restored profitability, but durability is a concern given prior-year losses and volatility. Balance sheet leverage is moderate for a REIT (score 64), yet ROE remains low and was sharply negative in 2023–2024. Cash flow is improving (score 58) with positive TTM OCF/FCF, but cash conversion remains weaker than desired and the prior cycle included negative OCF/FCF.

Income Statement

72Positive

Balance Sheet

64Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	37.76M	27.74M	12.18M	10.07M	8.07M	6.01M
Gross Profit	37.76M	22.73M	12.18M	6.59M	8.07M	4.59M
EBITDA	25.83M	18.75M	-25.90M	-28.43M	-1.06M	-1.26M
Net Income	23.47M	8.37M	-30.65M	-32.60M	10.48M	26.13M
Balance Sheet
Total Assets	619.62M	584.63M	384.13M	416.05M	464.24M	440.36M
Cash, Cash Equivalents and Short-Term Investments	17.65M	9.97M	11.49M	43.64M	71.62M	88.92M
Total Debt	257.07M	239.41M	106.65M	113.93M	122.31M	105.91M
Total Liabilities	273.72M	256.53M	121.95M	122.38M	133.29M	114.70M
Stockholders Equity	345.90M	328.09M	262.18M	293.67M	330.95M	325.67M
Cash Flow
Free Cash Flow	11.53M	7.64M	-27.13M	-8.87M	1.93M	-52.00K
Operating Cash Flow	11.53M	7.64M	-13.10M	-8.87M	1.99M	138.00K
Investing Cash Flow	35.30M	17.41M	21.84M	-22.35M	-44.04M	-35.65M
Financing Cash Flow	-40.55M	-29.04M	-4.38M	-13.28M	6.74M	-4.69M

Arima Real Estate SOCIMI SA Technical Analysis

Technical Analysis SentimentPositive

Last Price13.20

Price Trends

50DMA12.51Positive

100DMA11.26Positive

200DMA11.08Positive

Market Momentum

MACD0.25Negative

RSI58.06Neutral

STOCH79.55Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:ARM, the sentiment is Positive. The current price of 13.20 is above the 20-day moving average (MA) of 12.32, above the 50-day MA of 12.51, and above the 200-day MA of 11.08, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 58.06 is Neutral, neither overbought nor oversold. The STOCH value of 79.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:ARM.

Arima Real Estate SOCIMI SA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

ES:ARM against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ES:MVC	82Outperform	EUR 1.77B	27.98	4.47%	16.83%	57.91%	―
ES:COL	71Outperform	EUR 3.16B	8.68	5.84%	6.27%	3.55%	-31.97%
ES:ARM	66Neutral	EUR 317.68M	13.71	6.96%	7.63%	209.70%	―
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ES:MRL	63Neutral	EUR 7.29B	8.30	9.95%	1.84%	13.21%	20.37%

* Real Estate Sector Average

Performance Comparison

ES:ARM and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
ES:ARM	Arima Real Estate SOCIMI SA	13.20	4.04	44.15%
ES:COL	Inmobiliaria Colonial	5.10	0.14	2.80%
ES:MRL	Merlin Properties (OTC)	11.70	-0.69	-5.54%
ES:MVC	Metrovacesa SA	12.00	2.68	28.77%
ES:YEPSA	Emperador Properties SOCIMI SA	10.60	4.38	70.47%
ES:YTCH	TECHO HOGAR SOCIMI, S.A.	1.15	0.11	10.90%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 30, 2026

Arima Real Estate SOCIMI SA AI Stock Analysis