- AEDAS Homes achieved total net pre-sales of €980 million in nine months (April to December 2024), up 44%: €813.2 million from its Residential Development business line with the sale of 2,089 Build-to-Sell (BTS) units, and €166.4 million from its Affordable Housing & Living business line.
- The Spanish homebuilder closed out the first nine months of its fiscal year generating total revenue of €485 million (+9%), of which €465 million came from its Residential Development business line (comprised of its BTS and Build-to-Rent, or BTR, products), delivering a gross development margin of 23% (€105 million).
- Additionally, the developer is reporting EBITDA of €53 million, up 21% over the previous year.
- David Martínez, CEO of AEDAS Homes, stated: “This strong set of results highlights the elevated visibility we have over the coming years and confirms our commitment to continued growth in a market whose fundamentals point to a long cycle ahead”.
Strong investment momentum and a land bank for 23,400+ units
- During the first nine months of its fiscal year, the developer invested €400 million to acquire land to develop 7,000+ units, firmly demonstrating its capacity to identify new opportunities.
- Furthermore, the company diversified its product and asset portfolio, from flex living transactions comprising 845 units under management, to the corporate transaction in which it acquired Inmobiliario Espacio (Grupo Priesa), to the acquisition of Habitat Inmobilaria’s 2,800-unit land bank, to being awarded land in a concession format through the Madrid Region’s Plan VIVE III scheme to develop 944 affordable rental units.
- As of December 2024, the company’s total land bank under management stood at 23,411 units, of which 15,909 were considered active.
Acceleration in deliveries and construction starts -
AEDAS Homes delivered 2,068 homes in total in the first nine months of the fiscal year: a combined 1,351 BTS and BTR units, up 18%; and its first block of 717 units for Plan VIVE I, thus achieving its affordable rental housing targets.
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In the third quarter alone, the developer broke ground on close to 1,000 units, with its total number of units under construction standing at 6,799 at the end of December.
