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Inmobiliaria Colonial
(BME:COL)
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Rating:70Outperform
Price Target:
€5.50
▼(-0.18% Downside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by a stabilized-but-still-variable financial profile: profitability has rebounded and leverage has improved, but cash-flow momentum weakened in 2025 and historical volatility remains a key risk. Technicals add support with a positive trend and moderate momentum, while valuation is attractive given the low P/E and strong dividend yield.
Positive Factors
Recurring office income
A portfolio of income-producing offices in prime Madrid, Barcelona, and Paris locations provides a recurring rental base. Long-term and medium-term leases can support visibility, while active management, refurbishment, and redevelopment create avenues to protect or enhance rental income over time.
Negative Factors
Weaker free cash flow
Although free cash flow remained positive, the sharp 2025 decline and low coverage ratios show that cash generation is not keeping pace strongly with reported profits. Persistent weakness could constrain reinvestment, debt reduction, and the ability to fund portfolio improvements internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring office income
A portfolio of income-producing offices in prime Madrid, Barcelona, and Paris locations provides a recurring rental base. Long-term and medium-term leases can support visibility, while active management, refurbishment, and redevelopment create avenues to protect or enhance rental income over time.
Read all positive factors
Inmobiliaria Colonial (COL) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€3.09B
Dividend Yield6.27%
Average Volume (3M)1.12M
Price to Earnings (P/E)8.7
Beta (1Y)0.76
Revenue Growth3.55%
EPS Growth-31.97%
CountryES
Employees226
SectorGeneral
Sector StrengthN/A
IndustryREIT - Office
Share Statistics
EPS (TTM)0.59
Shares Outstanding612,844,670
10 Day Avg. Volume886,378
30 Day Avg. Volume1,118,639
Financial Highlights & Ratios
PEG Ratio1.73
Price to Book (P/B)0.57
Price to Sales (P/S)7.94
P/FCF Ratio18.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€5.33Price Target Upside-3.21% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering4
EPS Forecast (FY)0.35
Revenue Forecast (FY)€414.36M
Inmobiliaria Colonial Business Overview & Revenue Model
Company Description
Inmobiliaria Colonial (Colonial SFL SOCIMI S.A.) stands as a leading European power in the prime commercial real estate sector, strategically active in the core business districts of Barcelona, Madrid, and Paris. Colonial is committed to a dedicat...
How the Company Makes Money
Inmobiliaria Colonial primarily makes money by owning and operating a portfolio of office properties that it leases to corporate tenants. Its core revenue stream is recurring rental income (contractual rents and related lease income) generated fro...
Inmobiliaria Colonial Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 631.15M | 423.91M | 502.41M | 387.28M | 361.61M | 316.72M |
| Gross Profit | 555.53M | 347.78M | 410.07M | 340.21M | 307.15M | 265.73M |
| EBITDA | 683.29M | 467.77M | 469.30M | -1.11B | 127.24M | 598.53M |
| Net Income | 369.62M | 344.45M | 307.39M | -1.02B | 7.98M | 473.84M |
Balance Sheet | ||||||
| Total Assets | 12.61B | 12.43B | 12.24B | 11.83B | 13.47B | 12.73B |
| Cash, Cash Equivalents and Short-Term Investments | 393.41M | 150.39M | 551.79M | 436.55M | 158.58M | 218.95M |
| Total Debt | 5.08B | 5.09B | 5.00B | 5.29B | 5.43B | 4.94B |
| Total Liabilities | 5.79B | 5.58B | 5.51B | 5.89B | 6.13B | 5.54B |
| Stockholders Equity | 5.86B | 5.87B | 5.68B | 4.94B | 6.16B | 6.00B |
Cash Flow | ||||||
| Free Cash Flow | 151.19M | 182.03M | 361.68M | 255.62M | 249.21M | 263.50M |
| Operating Cash Flow | 152.03M | 185.18M | 362.41M | 265.01M | 255.39M | 268.10M |
| Investing Cash Flow | -92.31M | -423.47M | -4.59M | 272.31M | -630.41M | 40.82M |
| Financing Cash Flow | 55.81M | -154.04M | -252.89M | -259.48M | 316.04M | -358.53M |
Inmobiliaria Colonial Technical Analysis
Neutral
5.51
Price Trends
5.10
Positive
5.29
Negative
5.19
Negative
Market Momentum
0.02
Negative
58.54
Neutral
92.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:COL, the sentiment is Neutral. The current price of 5.51 is above the 20-day moving average (MA) of 4.97, above the 50-day MA of 5.10, and above the 200-day MA of 5.19, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 58.54 is Neutral, neither overbought nor oversold. The STOCH value of 92.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ES:COL.
Inmobiliaria Colonial Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | €316.09M | 7.42 | 15.10% | 4.35% | -4.85% | 106.91% | |
70 Outperform | €3.09B | 8.68 | 5.84% | 6.27% | 3.55% | -31.97% | |
69 Neutral | €1.38B | 6.95 | 8.76% | 4.55% | 81.78% | 36.27% | |
66 Neutral | €334.78M | 14.23 | 6.96% | 7.35% | 209.70% | ― | |
62 Neutral | €21.56M | -3.33 | -10.60% | 2.71% | 56.18% | -182.64% | |
61 Neutral | €1.67B | 11.96 | 11.99% | 10.08% | 165.35% | 80.40% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
ES:COL
Inmobiliaria Colonial
5.10
-0.14
-2.69%
ES:ISUR
Inmobiliaria del Sur
17.00
3.62
27.06%
ES:HOME
Neinor Homes
16.99
0.72
4.41%
ES:RLIA
Realia Business
0.92
-0.08
-8.26%
ES:REN
Renta Corporacion Real Estate ate ate
0.67
-0.02
-3.46%
ES:ARM
Arima Real Estate SOCIMI SA
13.70
4.54
49.61%
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.