Spanish developer Neinor Homes will distribute €77 million to shareholders, a move supported by strong first-quarter operational performance that saw the company generate nearly €400 million in revenue.
"The distribution announced today reflects the strong visibility we have on FY26 results and cash generation, which allows us to continue to accelerate part of our shareholder remuneration," Jordi Argemi, Neinor Homes’ Co-CEO, said.
The distribution, equivalent to €0.7794 per share, will be paid on June 8, with the last trading date for entitlement on June 3. The payment consists of a €37 million extraordinary dividend and a €40 million capital reduction. The action follows a quarter where Neinor delivered more than 950 housing units for €395 million in development revenues and pre-sold another 1,100 units for €450 million.
The shareholder return underscores management’s confidence following the successful acquisition of AEDAS in March. The robust pre-sales activity, which continued into April, signals strong underlying demand in Spain’s core housing markets despite broader geopolitical uncertainty. Investors will watch for the stock’s reaction to the distribution ahead of the June 3 entitlement date.
This article is for informational purposes only and does not constitute investment advice.
