Aedas Homes to Surpass €1.1 Billion in Annual Revenue for the Second Consecutive Year, Solidifying Its Leadership in the Spanish Residential Market

The developer delivers over 5,200 homes and projects an estimated EBITDA of up to €170 million for the 2024–2025 fiscal year

Aedas Homes has announced that it will close its 2024–2025 fiscal year—ended March 31—with revenues exceeding €1.1 billion, maintaining this high-performance level for the second consecutive year. The company forecasts an estimated EBITDA between €160 and €170 million, reflecting strong operational profitability and sustained growth across its business lines.

Over 5,200 Homes Delivered and 8% Growth in Build to Sell and Build to Rent Segments

Throughout the fiscal year, Aedas Homes delivered 5,211 homes. Of these, 3,070 units fall under its strategic business models: Build to Sell (2,559 homes) and Build to Rent (511 homes), representing a combined value of approximately €1.025 billion—an 8% increase year over year.

Additionally, the company delivered 2,060 homes under the VIVE I Plan of the Community of Madrid, as well as 81 units linked to co-investment vehicles formalized in the previous fiscal year, further enhancing Aedas’s activity in residential development.

Record Pre-Sales: 3,275 Homes and Over €1.42 Billion in Transaction Value

Aedas Homes also achieved record commercial performance, with 3,275 Build to Sell units sold, a 51% increase compared to the previous year. These sales generated a total value of €1.424 billion, with an average price per unit of €435,000, confirming the continued demand for new-build homes in Spain’s most active residential markets.

Strong Revenue Visibility and Over 13,800 Units in Active Development

Looking ahead to the next fiscal year, Aedas Homes enters 2025–2026 with over 70% of its forecast revenue already secured, and 30% secured for 2026–2027, offering high visibility and financial stability. As of March, the company managed a total of 13,809 active units, broken down as follows:

• 7,454 under construction,
• 2,819 in the design phase,
• 1,941 being marketed,
• and 1,595 already completed and ready for delivery.

Strategic Investment in Land and Co-Investment Vehicles to Expand Residential Offering

In line with its growth strategy, Aedas Homes invested €450 million in land acquisition and corporate operations aimed at expanding its portfolio in Build to Sell, Build to Rent, flex living, and affordable housing under concession models. Notable transactions include the purchase of land from Habitat and the acquisition of Grupo Priesa.

A portion of this investment was structured through the creation of four new co-investment vehicles, backed by external partners contributing €150 million in capital, strengthening the company’s financial flexibility and risk diversification.

Positive Outlook and Annual Results to Be Presented on May 28

Aedas Homes CEO David Martínez emphasized that the company has capitalized on strong market opportunities and sustained residential demand, reinforcing its operational strength and setting the stage for continued success. The company will present its full-year financial results on May 28, reaffirming its commitment to transparency and long-term value creation for shareholders and investors.