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← CockpitCompetitor Analysis › RLIA.MC Realia Business, S.A.Open in the cockpit ↗

Realia Business, S.A.RLIA.MCCompetitor analysis, valuation and peers

Spain · EUR·Real Estate›Real Estate Development

Spanish real estate company owning and developing office buildings and residential land, majority owned by a Mexican investor group.

≈ A small, diversified Spanish office/residential landlordMomentum neutral 47
Mkt cap
$1.68B
US dollars, full cap
Free float
22%
of shares outstanding
$/day
$28,933
20-day average traded
Fwd P/E
13.7×
forward earnings
ROIC−WACC
n/a
WACC 5.2%
Hurdle
n/a
no reverse DCF
Close · EUR€1.00
1D+1.8%
1W+8.5%
1M+4.6%
3M-4.0%
6M-2.6%
YTD+1.4%
1Y-3.1%
ATR %3.3%
52w lowhigh8.4% off high

What Realia Business does

Spanish real estate company owning and developing office buildings and residential land, majority owned by a Mexican investor group.

In one line: A small, diversified Spanish office/residential landlord.

Products and services

  • Office building ownership/leasing
  • Residential land development
  • Property management

Customers

  • Corporate office tenants
  • Homebuyers (via land development)

Where it sits in the supply chain

  • Real Estate
  • Diversified real estate
  • Office ownership + residential land…

What could go right

  • Madrid office market recovery
  • Land bank sales

What could go wrong

  • Office demand/remote-work shifts
  • Concentration in Spanish market

Moat: none (installed base). Small, diversified property owner without scale advantages versus larger REITs/developers.

Headquarters: Madrid, Spain · Founded: 1930 · Employees: 81

Named competitors

Realia Business at a glance

Size Realia Business (RLIA.MC) is a Spain Real Estate company (Real Estate Development) with a market value of $1.68B, the 58th largest of 97 Spain companies the cockpit tracks. Shares closed at €1.00 on 6 Nov 2026.

Performance Over six months the shares fell 2.6%, against -8.9% for the median peer and +8.2% for the Spain market (cap-weighted) — 7th highest of 20 in its peer set.

Growth Revenue grew 81.8% over the last twelve months (peer median +1.4%); the operating margin is 41.3% (peer median 15.1%).

Valuation It trades at 13.7× forward earnings against a peer median of 12.1× (7th most expensive of 14).

Relative performance

9010011 May 202611 Aug 20266 Nov 2026RLIA.MC 94Peer median 90
Six months, rebased to 100: Realia Business against the median of its 20 peers (local-currency closes).

Realia Business financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€380M€327M€320M€152M€134M
Revenue growth—+2%+110%+13%—
Gross profit€143M€146M€195M€108M€85.9M
EBITDA€157M€151M€157M€58.9M€73.5M
Net income€156M€129M€74.2M€24.7M€58.1M
Free cash flow€206M€143M€151M€53.8M€46.2M
Capital expenditure€8.41M€9.47M€7.82M€20.9M€16.8M
Total debtn/a€688M€926M€475M€492M

Quarterly statements and history in the cockpit →

Realia Business competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%-20%0%+20%00065600171396JDAN2923HIAGALTRA28693900F176015126006480817YCPSGRIRLIA.MC6-month return →1-month return →
Up and to the right = strong over both horizons. Realia Business is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%20×40×1396HIAGALTRA28693900F176015126006480817DOM0123ISNGRIRLIA.MCRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Realia Business is the large dot.

Realia Business competitors and peer comparison

Head to head with its named competitors (RLIA.MC vs COL.MC vs MVC.MC vs MRL.MC)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Realia Business RLIA.MC$1.68B-3%+82%41%13.7×n/a
Colonial SFL SOCIMI COL.MC$3.58B-2%+4%76%14.9×n/a
Metrovacesa MVC.MC$1.95B-5%+58%13%26.4×n/a
MERLIN Properties SOCIMI MRL.MC$8.05B-23%+13%71%21.9×n/a

How Realia Business compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Realia Business against its 20 peers (data as of 6 Nov 2026)
MeasureRLIA.MCPeer medianRank in peer set
1-month return+4.6%-0.4%7th highest of 21
6-month return-2.6%-8.9%7th highest of 20
Distance from 52-week high-8.4%-24.0%5th highest of 21
Revenue growth (TTM)+81.8%+1.4%2nd highest of 20
Operating margin41.3%15.1%9th highest of 21
Forward P/E13.7×12.1×7th most expensive of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Realia Business RLIA.MCSpain$1.68B-3%+82%41%13.7×n/an/a
Jinke Property 000656.SZChina$1.68B-24%-87%-1,642%n/an/an/a
New World Development 0017.HKHong Kong$1.68B-46%+10%-8%n/an/an/a
Greater Bay Area AI Computing Tech 1396.HKHong Kong$1.70B-41%+76%-6%15.6×n/an/a
Jeudan A/S JDAN.CODenmark$1.66B0%+3%62%n/an/an/a
Sino Horizon 2923.TWTaiwan$1.65B+40%+63%47%n/an/an/a
HIAG Immobilien HIAG.SWSwitzerland$1.64B-2%+96%50%15.4×n/an/a
Altra Fastigheter ALTRA.STSweden$1.64B+18%-2%64%11.8×n/an/a
Greentown Service 2869.HKHong Kong$1.74B-9%+13%7%11.2×n/an/a
Greentown China 3900.HKHong Kong$1.74B-48%+1%3%43.6×n/an/a
GuocoLand F17.SISingapore$1.75B-16%-24%7%11.5×n/an/a
China-Singapore Suzhou Industrial Park Development 601512.SSChina$1.75B-23%-32%22%10.8×n/an/a
Shanghai Waigaoqiao Free Trade Zone 600648.SSChina$1.60B-15%-3%8%12.1×n/an/a
China Jinmao 0817.HKHong Kong$1.77B-45%-8%5%9.9×n/an/a
Dom Development DOM.WAPoland$1.59B-6%+14%24%9.1×n/an/a
PPI Public Property Invest PUBLI.STSweden$1.78Bn/an/a70%n/an/an/a
Castellana Properties Socimi YCPS.MCSpain$1.57B-4%+59%63%n/an/an/a
Yuexiu Property 0123.HKHong Kong$1.55B-30%-21%0%52.6×n/an/a
Intershop ISN.SWSwitzerland$1.82B-9%+5%79%18.5×n/an/a
Grainger GRI.LUnited Kingdom$1.83B+19%-23%49%19.8×n/an/a
GreatTown 600094.SSChina$1.51B-2%-36%4%n/an/an/a

Questions

Who are Realia Business's main competitors?
Named competitors: Colonial (COL.MC), Metrovacesa (MVC.MC), Merlin Properties (MRL.MC). The cockpit's measured peer set (industry) also includes Jinke Property (000656.SZ), New World Development (0017.HK), Greater Bay Area AI Computing Tech (1396.HK), Jeudan A/S (JDAN.CO), Sino Horizon (2923.TW), HIAG Immobilien (HIAG.SW).
Is Realia Business expensive compared with its peers?
On forward p/e it trades at 13.7× against a peer median of 12.1×, 7th most expensive of 14 in its peer set.
How has Realia Business stock performed?
Over six months to 6 Nov 2026 the shares returned -2.6% against -8.9% for the median peer; over one year -3.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.