- In FY 2023/24, the Spanish homebuilder delivered 2,839 units, up 4% over the previous year (2,730 units), generating revenues of approximately €950 million (+7%) and an additional €150 million in revenue from its Real Estate Services division and from the sale of non-core plots.
- The average selling price (ASP) for the company’s Build-to-Sell line reached €415,000, confirming the success of its product positioning and marketing strategy.
- The homebuilder has achieved its targets for the sixth year in a row and has hit a new milestone, with the delivery of over 11,000 units since its founding.
- The company will be reporting an EBITDA between €170 and €180 million.
- David Martínez, CEO of AEDAS Homes: “The company will be delivering an exceptional set of operating results and has demonstrated its solvency and capacity, as a trusted industrial partner, to manage investments to develop new-build housing”.
Co-investment and affordable housing
- In FY 2023/24, AEDAS Homes has boosted its co-investment activity, closing two co-investment transactions which mobilised close to €300 million in investment capital, and thus demonstrating the confidence that the investment community has deposited in the company.
- The company was recently awarded the concession contract for around 1,000 homes through the Madrid Regional Government’s Plan VIVE, a public-private partnership scheme to bring more affordable rental housing on the market under development by AEDAS Homes to over 4,500.
Outlook and visibility -
As in the past, AEDAS Homes is entering the next fiscal year on strong operational and financial footing, thanks to the clear visibility it has over its future business goals.
- As of 31 March 2024, the homebuilder had nearly 9,900 active units: 5,038 under construction, 2,223 in the design phase, 1,506 at the marketing phase, and the remaining 1,121 completed.
- In total, AEDAS Homes has 3,367 units in its Order Book (BTS and BTR), valued at €1.24 billion. This translates into delivery coverage ratios of 67% for FY 2024/25 and 37% for 2025/26.
- At the same time, the homebuilder has demonstrated a dynamic investment approach, as reflected in the acquisition of land valued at over €220 million with a development capacity of 2,500+ units. The majority of these units are scheduled for delivery between FY 2026/27 and FY 2028/29, and are forecast to generate over €900 million in revenues.
